AGCO Co. (NYSE:AGCO) CEO Andrew H. Beck Sells 19,335 Shares

AGCO Co. (NYSE:AGCOGet Rating) CEO Andrew H. Beck sold 19,335 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $106.74, for a total value of $2,063,817.90. Following the transaction, the chief executive officer now owns 88,002 shares of the company’s stock, valued at approximately $9,393,333.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AGCO Stock Down 0.1 %

AGCO opened at $106.21 on Friday. AGCO Co. has a one year low of $88.55 and a one year high of $150.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.57. The stock’s fifty day moving average is $106.75 and its 200-day moving average is $120.96. The company has a market capitalization of $7.92 billion, a PE ratio of 10.07, a P/E/G ratio of 0.94 and a beta of 1.38.

AGCO (NYSE:AGCOGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.26. AGCO had a return on equity of 22.54% and a net margin of 6.89%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the business earned $2.88 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that AGCO Co. will post 11.88 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Monday, August 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, August 12th. AGCO’s dividend payout ratio (DPR) is presently 9.10%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Credit Suisse Group set a $128.00 price objective on AGCO in a research report on Tuesday, July 19th. Morgan Stanley reduced their price objective on AGCO from $129.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Citigroup reduced their price objective on AGCO from $150.00 to $105.00 in a research report on Thursday, July 7th. JPMorgan Chase & Co. reduced their price objective on AGCO from $178.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Finally, Oppenheimer reduced their price target on AGCO from $169.00 to $156.00 and set an “outperform” rating for the company in a research report on Tuesday, July 5th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.83.

Institutional Investors Weigh In On AGCO

Institutional investors and hedge funds have recently modified their holdings of the stock. Herold Advisors Inc. acquired a new stake in shares of AGCO during the first quarter worth $29,000. IndexIQ Advisors LLC acquired a new stake in shares of AGCO during the first quarter worth $37,000. Kistler Tiffany Companies LLC raised its position in shares of AGCO by 466.7% during the first quarter. Kistler Tiffany Companies LLC now owns 255 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 210 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of AGCO by 527.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 227 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in AGCO during the first quarter valued at $58,000. 77.74% of the stock is owned by institutional investors and hedge funds.

AGCO Company Profile

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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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