Farther Finance Advisors LLC Buys 139 Shares of AGCO Co. (NYSE:AGCO)

Farther Finance Advisors LLC increased its stake in shares of AGCO Co. (NYSE:AGCO) by 50.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 416 shares of the industrial products company’s stock after buying an additional 139 shares during the period. Farther Finance Advisors LLC’s holdings in AGCO were worth $41,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Forum Financial Management LP increased its position in AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares during the period. Capital Insight Partners LLC increased its holdings in shares of AGCO by 2.6% during the second quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 110 shares during the period. SummerHaven Investment Management LLC raised its position in shares of AGCO by 2.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,604 shares of the industrial products company’s stock valued at $549,000 after buying an additional 143 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of AGCO by 0.8% during the 2nd quarter. Hodges Capital Management Inc. now owns 17,520 shares of the industrial products company’s stock valued at $1,715,000 after acquiring an additional 143 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in AGCO by 5.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,930 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 3.3 %

Shares of NYSE:AGCO opened at $92.37 on Friday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The business has a fifty day moving average price of $95.75 and a two-hundred day moving average price of $98.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a market capitalization of $6.89 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 0.51 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 firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business posted $3.97 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. Analysts forecast that AGCO Co. will post 7.32 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio is presently 51.33%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AGCO shares. Truist Financial upped their target price on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets assumed coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target on the stock. Barclays dropped their price objective on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group cut their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, AGCO currently has an average rating of “Hold” and a consensus target price of $114.40.

AGCO Company 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.