Rep. Kevin Hern Sells AGCO Co. (NYSE:AGCO) Shares

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 Up 2.7 %

NYSE AGCO opened at $100.00 on Friday. The stock has a market cap of $7.46 billion, a PE ratio of 44.25, a P/E/G ratio of 0.90 and a beta of 1.25. The business has a 50 day moving average price of $95.27 and a two-hundred day moving average price of $94.92. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last released its quarterly earnings results 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 firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $3.97 EPS. The business’s quarterly revenue was down 24.8% on a year-over-year basis. As a group, sell-side analysts predict that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.16%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Institutional Trading of AGCO

Several institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in shares of AGCO by 103.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after buying an additional 799,429 shares during the period. AQR Capital Management LLC boosted its stake in AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after acquiring an additional 605,509 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after purchasing an additional 391,591 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after purchasing an additional 335,092 shares during the period. Finally, Barclays PLC lifted its holdings in shares of AGCO by 386.8% in the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after purchasing an additional 198,014 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the topic of several recent analyst reports. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. The Goldman Sachs Group reduced their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Truist Financial increased their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, AGCO has a consensus rating of “Hold” and an average target price of $107.40.

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.