AGCO Corporation (NYSE:AGCO) Receives Average Recommendation of “Hold” from Brokerages

Shares of AGCO Corporation (NYSE:AGCO) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $122.7273.

Several research firms have weighed in on AGCO. Truist Financial raised their price target on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Robert W. Baird set a $128.00 price objective on AGCO in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their price objective on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Oppenheimer upped their target price on shares of AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Wall Street Zen cut shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st.

AGCO Stock Performance

Shares of AGCO opened at $127.39 on Friday. AGCO has a 12-month low of $73.79 and a 12-month high of $143.78. The stock has a market cap of $9.22 billion, a P/E ratio of 13.07, a PEG ratio of 0.95 and a beta of 1.13. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $121.32 and a two-hundred day moving average of $112.45.

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

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. AGCO’s dividend payout ratio (DPR) is 11.90%.

Insider Buying and Selling

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On AGCO

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors increased its stake in AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AGCO by 78.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after buying an additional 861,377 shares during the last quarter. Norges Bank purchased a new stake in AGCO in the 2nd quarter valued at about $78,651,000. Massachusetts Financial Services Co. MA grew its holdings in AGCO by 32.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock valued at $304,092,000 after buying an additional 700,558 shares during the period. Finally, Ninety One UK Ltd acquired a new position in shares of AGCO during the 3rd quarter valued at about $69,996,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.