Clark Estates Inc. NY Reduces Holdings in AGCO Co. (NYSE:AGCO)

Clark Estates Inc. NY decreased its position in shares of AGCO Co. (NYSE:AGCO) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,425 shares of the industrial products company’s stock after selling 2,300 shares during the period. Clark Estates Inc. NY’s holdings in AGCO were worth $2,782,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of AGCO during the third quarter worth about $29,000. LRI Investments LLC grew its position in AGCO by 94.3% in the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company’s stock valued at $33,000 after buying an additional 165 shares during the last quarter. Blue Trust Inc. increased its stake in AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after buying an additional 174 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 167 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AGCO shares. Truist Financial boosted their target price on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup boosted their target price on shares of AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Robert W. Baird decreased their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Oppenheimer cut their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Performance

AGCO stock opened at $99.39 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 43.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The stock’s 50-day moving average is $96.82 and its 200-day moving average is $97.29.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $3.97 earnings per share. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. Equities analysts anticipate that AGCO Co. will post 7.34 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

About AGCO

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.