Johnson Financial Group Inc. Sells 5,396 Shares of AGCO Co. (NYSE:AGCO)

Johnson Financial Group Inc. trimmed its position in AGCO Co. (NYSE:AGCO - Free Report) by 83.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,040 shares of the industrial products company's stock after selling 5,396 shares during the period. Johnson Financial Group Inc.'s holdings in AGCO were worth $97,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in AGCO by 128.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock valued at $608,026,000 after purchasing an additional 3,654,350 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AGCO by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock worth $278,951,000 after purchasing an additional 258,054 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of AGCO by 1.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock worth $256,522,000 after purchasing an additional 39,966 shares during the period. Invesco Ltd. raised its holdings in AGCO by 68.7% during the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock valued at $220,641,000 after acquiring an additional 961,081 shares during the period. Finally, Geode Capital Management LLC raised its holdings in AGCO by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company's stock valued at $120,172,000 after acquiring an additional 29,099 shares during the period. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

Shares of AGCO stock opened at $85.33 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business's 50 day simple moving average is $90.62 and its two-hundred day simple moving average is $95.15. The stock has a market capitalization of $6.36 billion, a P/E ratio of -15.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a one year low of $73.79 and a one year high of $119.88.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.36%. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Wall Street Analyst Weigh In

AGCO has been the topic of a number of analyst reports. Oppenheimer lowered their target price on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Finally, Morgan Stanley lowered AGCO from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $94.00 to $75.00 in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AGCO has an average rating of "Hold" and an average target price of $99.80.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.

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