Franklin Resources Inc. Has $674,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Franklin Resources Inc. trimmed its stake in AGCO Co. (NYSE:AGCO - Free Report) by 80.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,793 shares of the industrial products company's stock after selling 27,134 shares during the period. Franklin Resources Inc.'s holdings in AGCO were worth $674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of AGCO in the third quarter valued at $52,000. Neo Ivy Capital Management acquired a new position in shares of AGCO in the 3rd quarter valued at $1,676,000. Coldstream Capital Management Inc. lifted its holdings in shares of AGCO by 9.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,329 shares of the industrial products company's stock worth $324,000 after acquiring an additional 284 shares during the period. Geode Capital Management LLC boosted its position in shares of AGCO by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock valued at $121,121,000 after acquiring an additional 80,516 shares in the last quarter. Finally, M&T Bank Corp increased its stake 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 during the period. Institutional investors own 78.80% of the company's stock.

Analyst Ratings Changes

AGCO has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price target 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. Oppenheimer lowered their price target on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price on the stock. Truist Financial increased their target price on shares of AGCO from $110.00 to $116.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.10.

AGCO Trading Down 0.1 %

Shares of AGCO traded down $0.10 during trading hours on Monday, hitting $93.10. 579,726 shares of the stock traded hands, compared to its average volume of 819,254. The business has a fifty day moving average of $96.49 and a 200-day moving average of $95.51. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.95 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results 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 net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $3.97 earnings per share. The business's revenue for the quarter was down 24.8% on a year-over-year basis. Analysts expect that AGCO Co. will post 7.36 EPS for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, November 15th. AGCO's dividend payout ratio (DPR) is currently 51.33%.

AGCO 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.