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

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 Price Performance

NYSE AGCO traded up $1.89 on Friday, hitting $101.89. The stock had a trading volume of 736,712 shares, compared to its average volume of 743,646. The firm has a 50-day moving average of $95.47 and a 200-day moving average of $94.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $130.26. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the business posted $3.97 EPS. The company's quarterly revenue was down 24.8% on a year-over-year basis. Equities analysts expect that AGCO Co. will post 7.34 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of AGCO by 17.4% in 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 buying an additional 335,092 shares during the last quarter. Pacer Advisors Inc. lifted its stake in AGCO by 34.3% in the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock worth $206,525,000 after acquiring an additional 538,955 shares during the period. State Street Corp boosted its holdings in AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock valued at $193,661,000 after acquiring an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of AGCO by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock valued at $181,775,000 after purchasing an additional 66,303 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of AGCO by 53.0% during 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 buying an additional 605,509 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday. Citigroup dropped their target price on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday. Oppenheimer reduced their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Finally, Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AGCO presently has an average rating of "Hold" and a consensus 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.

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.