Empowered Funds LLC Has $533,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Empowered Funds LLC trimmed its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 75.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,700 shares of the industrial products company's stock after selling 17,661 shares during the quarter. Empowered Funds LLC's holdings in AGCO were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vest Financial LLC lifted its holdings in AGCO by 67.8% in the 4th quarter. Vest Financial LLC now owns 26,432 shares of the industrial products company's stock valued at $2,471,000 after acquiring an additional 10,684 shares during the last quarter. Tectonic Advisors LLC acquired a new stake in AGCO in the 4th quarter valued at about $390,000. Stratos Wealth Advisors LLC lifted its stake in AGCO by 3.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 17,586 shares of the industrial products company's stock valued at $1,644,000 after buying an additional 522 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in AGCO during the fourth quarter valued at about $3,144,000. Finally, Perigon Wealth Management LLC lifted its stake in AGCO by 20.5% during the fourth quarter. Perigon Wealth Management LLC now owns 26,146 shares of the industrial products company's stock valued at $2,615,000 after buying an additional 4,452 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on AGCO. 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. Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Oppenheimer upped their target price on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $107.20.

AGCO Stock Down 2.9 %

NYSE:AGCO traded down $2.94 during mid-day trading on Friday, reaching $98.80. The stock had a trading volume of 1,027,926 shares, compared to its average volume of 786,312. The business's 50 day moving average is $97.74 and its 200 day moving average is $95.61. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The stock has a market cap of $7.37 billion, a P/E ratio of -17.36, a PEG ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, sell-side analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. AGCO's dividend payout ratio is currently -20.39%.

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.