AGCO Co. (NYSE:AGCO) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its position in shares of AGCO Co. (NYSE:AGCO) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,146 shares of the industrial products company’s stock after acquiring an additional 4,452 shares during the period. Perigon Wealth Management LLC’s holdings in AGCO were worth $2,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGCO. Pacer Advisors Inc. increased its holdings in AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after purchasing an additional 538,955 shares during the period. Barclays PLC increased its holdings in AGCO by 386.8% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AGCO by 67.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock worth $44,739,000 after purchasing an additional 183,688 shares during the period. Principal Financial Group Inc. increased its holdings in AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in AGCO during the 3rd quarter worth about $13,242,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 0.8 %

NYSE:AGCO opened at $104.12 on Thursday. The stock’s 50 day moving average price is $97.45 and its 200 day moving average price is $95.45. The company has a market capitalization of $7.77 billion, a PE ratio of 46.07, a P/E/G ratio of 1.03 and a beta of 1.25. 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 Co. has a 52-week low of $84.35 and a 52-week high of $130.26.

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 analysts’ consensus estimates of $1.08 by ($0.40). The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.97 EPS. On average, research analysts anticipate that AGCO Co. will post 7.33 EPS for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. AGCO’s dividend payout ratio is presently 51.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGCO shares. The Goldman Sachs Group cut their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AGCO currently has an average rating of “Hold” and an average price target of $107.20.

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.