Lange Bob De Acquires 1,000 Shares of AGCO (NYSE:AGCO) Stock

Key Points

• Director Lange Bob De purchased 1,000 AGCO shares at an average price of $100.71, increasing his holdings by 5.64% to 18,717 shares.
• AGCO shares fell 1.3% to $99.99, near their 52-week low, after the company reported quarterly EPS of $1.43 and revenue of $2.61 billion, both below analyst expectations.
• The company declared a quarterly dividend of $0.30 per share, while analysts maintain a consensus “Hold” rating with an average price target of $120.33.

AGCO Corporation (NYSE:AGCO - Get Free Report) Director Lange Bob De bought 1,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the acquisition, the director owned 18,717 shares in the company, valued at approximately $1,884,989.07. This trade represents a 5.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AGCO Stock Down 1.3%

AGCO stock traded down $1.34 during midday trading on Monday, hitting $99.99. 514,785 shares of the company were exchanged, compared to its average volume of 768,203. The company has a market cap of $7.00 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. AGCO Corporation has a fifty-two week low of $98.70 and a fifty-two week high of $143.78. The company's fifty day moving average price is $112.29 and its 200-day moving average price is $117.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the business earned $1.35 EPS. The firm's revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts predict that AGCO Corporation will post 5.58 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.2%. AGCO's payout ratio is 16.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AGCO shares. Truist Financial reaffirmed a "buy" rating and set a $135.00 target price (down from $159.00) on shares of AGCO 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 note on Friday, July 31st. DA Davidson set a $151.00 price objective on AGCO in a report on Friday, July 31st. Citigroup cut their target price on AGCO from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, Oppenheimer reduced their target price on AGCO from $134.00 to $127.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $120.33.

Hedge Funds Weigh In On AGCO

Several institutional investors have recently modified their holdings of AGCO. BlackRock Inc. bought a new stake in AGCO in the 2nd quarter valued at about $701,908,000. Dimensional Fund Advisors LP grew its position in AGCO by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company's stock worth $368,849,000 after purchasing an additional 73,880 shares during the last quarter. Capital World Investors grew its position in AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company's stock worth $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. Invesco Ltd. increased its stake in shares of AGCO by 15.1% in the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company's stock valued at $250,502,000 after purchasing an additional 314,355 shares during the period. Finally, Davis Selected Advisers increased its stake in shares of AGCO by 13.0% in the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company's stock valued at $213,736,000 after purchasing an additional 235,913 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Company Profile

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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