AGCO (NYSE:AGCO) Shares Unloaded Rep. Kevin Hern

Representative Kevin Hern (R-Oklahoma) recently sold shares of AGCO Co. (NYSE:AGCO). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $50,001 and $100,000 in AGCO stock on December 31st. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Intel (NASDAQ:INTC) on 12/31/2024.
• Sold $250,001 – $500,000 in shares of Devon Energy (NYSE:DVN) on 12/31/2024.
• Sold $15,001 – $50,000 in shares of Estée Lauder Companies (NYSE:EL) on 12/31/2024.
• Sold $100,001 – $250,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of DexCom (NASDAQ:DXCM) on 12/31/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 12/12/2024.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 12/10/2024.
• Purchased $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.

AGCO Stock Performance

NYSE AGCO opened at $100.00 on Friday. The business’s 50-day moving average price is $95.27 and its 200 day moving average price is $94.92. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a market capitalization of $7.46 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share 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 company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company earned $3.97 earnings per share. The company’s revenue was down 24.8% on a year-over-year basis. On average, research analysts predict that AGCO Co. will post 7.34 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.16%. AGCO’s payout ratio is currently 51.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Oppenheimer lowered their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.40.

Institutional Investors Weigh In On AGCO

Several hedge funds have recently modified their holdings of the stock. M&T Bank Corp grew its position in AGCO by 133.0% in the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after acquiring an additional 48,198 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after purchasing an additional 12,328 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after buying an additional 5,069 shares during the period. Principal Financial Group Inc. lifted its holdings in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after buying an additional 150,656 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in AGCO by 150.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock worth $1,624,000 after buying an additional 9,956 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald’s franchisee and served on the McDonald’s National Leadership Team. Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.