Deroy & Devereaux Private Investment Counsel Inc. Has $5.53 Million Stock Holdings in AGCO Corporation $AGCO

Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of AGCO Corporation (NYSE:AGCO) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm 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. owned about 0.07% of AGCO worth $5,525,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of AGCO by 46.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp grew its position in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 149 shares during the period. Goldman Sachs Group Inc. increased its stake in AGCO by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after purchasing an additional 61,009 shares in the last quarter. Empowered Funds LLC raised its holdings in AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after buying an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of AGCO by 109.2% in the first 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 in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO stock opened at $113.27 on Friday. The business’s fifty day simple moving average is $106.58 and its 200 day simple moving average is $108.43. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $121.16. The firm has a market capitalization of $8.45 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 17.65 and a beta of 1.17.

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

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 13th. AGCO’s payout ratio is presently 23.06%.

Insider Buying and Selling at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 17,130 shares of the company’s stock, valued at $1,786,316.40. This represents a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AGCO shares. Barclays downgraded shares of AGCO from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $116.00 to $93.00 in a research report on Friday, December 19th. Wells Fargo & Company began coverage on AGCO in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $114.00 price objective for the company. JPMorgan Chase & Co. cut their target price on AGCO from $127.00 to $123.00 and set an “overweight” rating on the stock in a research report on Friday, December 19th. Zacks Research downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.