Deroy & Devereaux Private Investment Counsel Inc. Raises Holdings in AGCO Corporation $AGCO

Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of AGCO Corporation (NYSE:AGCO) by 13.8% in the 3rd quarter, Holdings Channel reports. The fund owned 51,606 shares of the industrial products company’s stock after buying an additional 6,263 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in AGCO were worth $5,525,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AGCO. KLP Kapitalforvaltning AS lifted its holdings in AGCO by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock valued at $1,531,000 after purchasing an additional 100 shares during the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of AGCO by 3.1% in the second quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 113 shares during the period. Quantum Portfolio Management LLC raised its position in shares of AGCO by 5.5% in the second quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 129 shares during the period. GAMMA Investing LLC lifted its stake in shares of AGCO by 8.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,818 shares of the industrial products company’s stock valued at $195,000 after buying an additional 146 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

Shares of NYSE AGCO opened at $113.27 on Friday. The stock’s 50-day simple moving average is $106.58 and its two-hundred day simple moving average is $108.43. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $121.16. The firm has a market capitalization of $8.45 billion, a P/E ratio of 22.52, a P/E/G ratio of 17.65 and a beta of 1.17. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 0.61.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.48 billion. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, equities analysts anticipate that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 13th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. AGCO’s dividend payout ratio (DPR) is 23.06%.

Insider Buying and Selling at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction on 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 directly owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AGCO shares. Oppenheimer boosted their target price on shares of AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. UBS Group decreased their price objective on AGCO from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of AGCO in a report on Monday, December 22nd. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Citigroup increased their price target on shares of AGCO from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.80.

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.