Raymond James Trust N.A. Has $834,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Raymond James Trust N.A. raised its holdings in AGCO Co. (NYSE:AGCO) by 48.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,519 shares of the industrial products company’s stock after acquiring an additional 2,763 shares during the quarter. Raymond James Trust N.A.’s holdings in AGCO were worth $834,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. LRI Investments LLC acquired a new position in AGCO during the 1st quarter worth about $30,000. Blue Trust Inc. raised its position in shares of AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 174 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 210 shares during the period. First Horizon Advisors Inc. boosted its holdings in AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 167 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AGCO shares. BMO Capital Markets began coverage on shares of AGCO in a research report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group dropped their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Citigroup upped their price target on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Oppenheimer reduced their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and an average target price of $114.40.

AGCO Price Performance

Shares of NYSE:AGCO opened at $98.43 on Monday. AGCO Co. has a 1-year low of $84.35 and a 1-year 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 stock has a market cap of $7.35 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.25. The stock’s fifty day simple moving average is $96.49 and its two-hundred day simple moving average is $97.63.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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 return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the company posted $3.97 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, analysts forecast that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.18%. AGCO’s dividend payout ratio 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.