Tectonic Advisors LLC Purchases Shares of 4,177 AGCO Co. (NYSE:AGCO)

Tectonic Advisors LLC acquired a new position in shares of AGCO Co. (NYSE:AGCO) in the 4th quarter, Holdings Channel reports. The fund acquired 4,177 shares of the industrial products company’s stock, valued at approximately $390,000.

A number of other hedge funds have also modified their holdings of the company. Stratos Wealth Advisors LLC lifted its position in AGCO by 3.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 17,586 shares of the industrial products company’s stock worth $1,644,000 after buying an additional 522 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in AGCO during the fourth quarter worth about $3,144,000. Perigon Wealth Management LLC boosted its position 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 purchasing an additional 4,452 shares during the last quarter. KBC Group NV grew its stake in AGCO by 4.7% in the fourth quarter. KBC Group NV now owns 23,441 shares of the industrial products company’s stock valued at $2,191,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of AGCO during the 4th quarter worth approximately $844,000. 78.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AGCO. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target 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. Citigroup lowered their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer upped their target price on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Price Performance

Shares of NYSE AGCO opened at $98.18 on Friday. The firm has a market cap of $7.33 billion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The business’s 50 day moving average is $97.85 and its 200-day moving average is $95.53. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a return on equity of 15.79% and a net margin of 1.35%. Equities research analysts predict that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is 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.