AGCO (NYSE:AGCO) Sets New 52-Week High Following Analyst Upgrade

AGCO Corporation (NYSE:AGCO)’s share price reached a new 52-week high during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $134.00 to $152.00. Truist Financial currently has a buy rating on the stock. AGCO traded as high as $133.77 and last traded at $133.6660, with a volume of 877535 shares trading hands. The stock had previously closed at $132.57.

A number of other brokerages have also commented on AGCO. BMO Capital Markets boosted their price target on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday. Barclays upped their target price on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $127.00 price objective on shares of AGCO in a report on Friday. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.73.

Institutional Investors Weigh In On AGCO

A number of hedge funds have recently made changes to their positions in AGCO. KLP Kapitalforvaltning AS boosted its stake in shares of AGCO by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 100 shares during the period. Signaturefd LLC raised its stake in shares of AGCO by 30.1% during the fourth quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 117 shares in the last quarter. Choreo LLC lifted its holdings in shares of AGCO by 2.0% in the 4th quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock worth $684,000 after buying an additional 128 shares during the period. Quantum Portfolio Management LLC lifted its stake in AGCO by 5.5% in the second quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 129 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in shares of AGCO by 6.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 137 shares during the period. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

The business has a fifty day simple moving average of $110.48 and a two-hundred day simple moving average of $109.37. The company has a market cap of $9.97 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 11.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts anticipate that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. AGCO’s dividend payout ratio is currently 11.90%.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.