Inceptionr LLC Acquires Shares of 8,252 AGCO Corporation $AGCO

Inceptionr LLC acquired a new stake in AGCO Corporation (NYSE:AGCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,252 shares of the industrial products company’s stock, valued at approximately $851,000.

Several other institutional investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in AGCO during the first quarter valued at $32,000. Geneos Wealth Management Inc. raised its stake in shares of AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after buying an additional 190 shares during the last quarter. Quarry LP purchased a new position in shares of AGCO during the 1st quarter valued at about $37,000. Atlantic Union Bankshares Corp acquired a new position in shares of AGCO in the 2nd quarter valued at about $44,000. Finally, Advantage Trust Co purchased a new stake in shares of AGCO in the second quarter worth about $52,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Down 5.0%

Shares of NYSE AGCO opened at $105.54 on Thursday. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The company’s 50-day simple moving average is $107.00 and its 200-day simple moving average is $107.28. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 78.76, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter last year, the business posted $0.68 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Equities analysts predict that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. AGCO’s dividend payout ratio is presently 23.06%.

Insiders Place Their Bets

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $104.28, for a total transaction of $26,070.00. Following the completion of the sale, the senior vice president owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. This represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGCO. JPMorgan Chase & Co. lifted their price target on AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Oppenheimer reaffirmed an “outperform” rating and set a $123.00 target price on shares of AGCO in a report on Monday, November 3rd. Truist Financial reissued a “buy” rating and set a $123.00 price target (down from $142.00) on shares of AGCO in a report on Monday, November 3rd. Zacks Research lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Barclays upped their price objective on shares of AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AGCO has an average rating of “Hold” and a consensus target price of $113.70.

AGCO Profile

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.