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

Shares of AGCO Corporation (NYSE:AGCO) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $127.20.

Several equities research analysts have commented on the stock. Oppenheimer set a $134.00 target price on shares of AGCO in a research report on Wednesday, May 6th. Weiss Ratings cut shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. UBS Group reissued a “neutral” rating and set a $123.00 price objective on shares of AGCO in a report on Sunday, May 10th. Truist Financial upped their target price on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley restated an “underweight” rating and set a $108.00 target price on shares of AGCO in a research report on Thursday, May 14th.

Insider Buying and Selling at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the transaction, the insider directly owned 3,149,820 shares of the company’s stock, valued at $388,309,809.60. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of AGCO

Institutional investors have recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after acquiring an additional 1,815,741 shares during the last quarter. Norges Bank acquired a new stake in shares of AGCO during the fourth quarter valued at $78,202,000. Invesco Ltd. increased its position in AGCO by 20.6% during the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after purchasing an additional 356,560 shares in the last quarter. Davis Selected Advisers increased its position in AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in AGCO by 289.8% in the 4th quarter. Pacer Advisors Inc. now owns 274,814 shares of the industrial products company’s stock valued at $28,669,000 after purchasing an additional 204,318 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Stock Down 0.1%

AGCO opened at $113.65 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. AGCO has a 12 month low of $99.21 and a 12 month high of $143.78. The stock has a market capitalization of $8.23 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 1.07. The business has a 50 day simple moving average of $115.27 and a 200-day simple moving average of $117.63.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.AGCO’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities analysts anticipate that AGCO will post 6.04 earnings per share for the current fiscal year.

AGCO Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were paid a dividend of $0.30 per share. This is a positive change from AGCO’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO’s dividend payout ratio is presently 11.57%.

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.