Kelvin Eugene Bennett Sells 2,300 Shares of AGCO (NYSE:AGCO) Stock

AGCO Corporation (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the sale, the senior vice president owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AGCO Price Performance

AGCO stock opened at $138.35 on Friday. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.97 and a beta of 1.19. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $143.78. The stock’s 50 day moving average is $115.73 and its 200-day moving average is $110.91.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.32. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities research analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s dividend payout ratio (DPR) is currently 11.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AGCO shares. Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Robert W. Baird set a $128.00 price target on AGCO in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price objective on shares of AGCO in a report on Friday, February 6th. BMO Capital Markets upped their target price on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $132.00 target price on AGCO in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and an average price target of $122.73.

Institutional Investors Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. Cullen Frost Bankers Inc. raised its holdings in shares of AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after buying an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in AGCO in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 257 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of AGCO by 3,725.0% in the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of AGCO in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds 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.