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

Posted by Teresa Graham on Jan 18th, 2025

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

AGCO stock traded up $1.89 during midday trading on Friday, reaching $101.89. 736,712 shares of the company were exchanged, compared to its average volume of 1,002,387. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 0.90 and a beta of 1.25. The firm’s 50-day simple moving average is $95.47 and its 200-day simple moving average is $94.97. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. 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 (NYSE:AGCO – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.97 EPS. On average, analysts anticipate that AGCO Co. will post 7.34 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s dividend payout ratio is presently 51.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGCO. Pacer Advisors Inc. raised its position in AGCO by 103.5% during the second 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 raised its position in 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. Massachusetts Financial Services Co. MA increased its position in AGCO by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after purchasing an additional 391,591 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 335,092 shares during the last quarter. Finally, Barclays PLC increased its position in 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. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. The Goldman Sachs Group reduced their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Truist Financial boosted their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup reduced their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.40.

Get Our Latest Analysis on AGCO

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

(Get Free Report)

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.