Radnor Capital Management LLC Sells 1,905 Shares of AGCO Co. (NYSE:AGCO)

Radnor Capital Management LLC decreased its stake in shares of AGCO Co. (NYSE:AGCO) by 37.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,200 shares of the industrial products company’s stock after selling 1,905 shares during the period. Radnor Capital Management LLC’s holdings in AGCO were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after purchasing an additional 48,198 shares during the period. Royal London Asset Management Ltd. increased its position in AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after purchasing an additional 12,328 shares during the period. Stratos Wealth Advisors LLC increased its position in AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after purchasing an additional 5,069 shares during the period. Principal Financial Group Inc. increased its position 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 valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in AGCO by 150.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock valued at $1,624,000 after purchasing an additional 9,956 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Down 0.1 %

NYSE:AGCO opened at $97.23 on Thursday. The company has a market cap of $7.26 billion, a PE ratio of 43.02, a P/E/G ratio of 0.56 and a beta of 1.25. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. 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 company’s 50 day moving average is $95.15 and its two-hundred day moving average is $94.89.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company 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 firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.97 EPS. Analysts anticipate that AGCO Co. will post 7.36 EPS for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, November 15th. AGCO’s payout ratio is 51.33%.

Analyst Ratings Changes

AGCO has been the topic of a number of research reports. Citigroup cut their target price on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Finally, Truist Financial lifted their price objective 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. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.