Insider Selling: AGCO (NYSE:AGCO) CEO Sells $337,869.00 in Stock

Key Points

• AGCO CEO Eric Hansotia sold 2,604 shares for approximately $337,869, reducing his stake by 0.79% to 326,939 shares valued at about $42.4 million.
• AGCO shares fell 4.4% to $127.48, while the company’s latest quarterly results modestly missed analyst expectations: EPS was $1.43 versus $1.46 expected, and revenue declined 1% year over year to $2.61 billion.
• Analyst sentiment is mixed but leans toward “Hold”, with a consensus price target of $122.17; AGCO also declared a $0.30 quarterly dividend, representing a 0.9% annualized yield.

AGCO Corporation (NYSE:AGCO - Get Free Report) CEO Eric Hansotia sold 2,604 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer owned 326,939 shares of the company's stock, valued at $42,420,335.25. This trade represents a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

AGCO Stock Down 4.4%

Shares of AGCO stock traded down $5.92 during trading hours on Tuesday, reaching $127.48. The company's stock had a trading volume of 992,079 shares, compared to its average volume of 822,000. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78. The company has a market capitalization of $8.93 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.11 and a beta of 1.10. The stock's fifty day simple moving average is $112.36 and its two-hundred day simple moving average is $116.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The company's revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts forecast that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. AGCO's dividend payout ratio is 16.60%.

Wall Street Analyst Weigh In

AGCO has been the topic of several analyst reports. Wells Fargo & Company cut their target price on AGCO from $132.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Weiss Ratings lowered AGCO from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Citigroup cut their price objective on shares of AGCO from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $108.00 target price on shares of AGCO in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their target price on shares of AGCO from $110.00 to $99.00 and set an "underweight" rating for the company in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, AGCO currently has an average rating of "Hold" and a consensus target price of $122.17.

Hedge Funds Weigh In On AGCO

Several institutional investors have recently bought and sold shares of AGCO. California State Teachers Retirement System grew its position in AGCO by 11,209.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,316,277 shares of the industrial products company's stock worth $995,458,000 after acquiring an additional 8,242,742 shares during the last quarter. BlackRock Inc. purchased a new stake in AGCO during the 2nd quarter valued at $701,908,000. Capital World Investors boosted its position in AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company's stock valued at $250,717,000 after buying an additional 1,815,741 shares during the period. Norges Bank bought a new stake in AGCO in the 4th quarter worth $78,202,000. Finally, Bank of New York Mellon Corp bought a new position in AGCO during the 2nd quarter valued at approximately $64,273,000. Hedge funds and other institutional investors own 78.80% of the company's stock.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company's product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.

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