Insider Buying: AGCO (NYSE:AGCO) Director Purchases $100,710.00 in Stock

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

AGCO Stock Performance

AGCO stock traded down $1.34 during trading on Monday, reaching $99.99. 514,785 shares of the company’s stock were exchanged, compared to its average volume of 768,203. AGCO Corporation has a 1-year low of $98.70 and a 1-year high of $143.78. The firm has a market cap of $7.00 billion, a PE ratio of 13.83, a P/E/G ratio of 0.84 and a beta of 1.08. 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 quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the business posted $1.35 earnings per share. AGCO’s revenue for the quarter 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 expect that AGCO Corporation will post 5.58 EPS for the current fiscal year.

AGCO Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on AGCO. Wall Street Zen cut shares of AGCO from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial reissued a “buy” rating and set a $135.00 target price (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Morgan Stanley cut their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 price target on shares of AGCO in a research report on Friday, July 31st. Finally, DA Davidson set a $151.00 price objective on AGCO in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $120.33.

Institutional Trading of AGCO

A number of hedge funds and other institutional investors have recently made changes to their positions in AGCO. Bank of America Corp DE acquired a new stake in AGCO during the second quarter valued at approximately $62,281,000. Freestone Grove Partners LP bought a new stake in AGCO during the second quarter worth approximately $17,628,000. Man Group plc acquired a new position in AGCO in the second quarter worth approximately $2,591,000. Jupiter Topco LLC acquired a new position in AGCO in the second quarter worth approximately $3,040,000. Finally, Hsbc Holdings PLC bought a new position in shares of AGCO in the second quarter valued at $666,000. 78.80% of the stock is currently owned by institutional investors.

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.