AGCO (NYSE:AGCO) Price Target Raised to $110.00 at Morgan Stanley

AGCO (NYSE:AGCO) had its target price raised by Morgan Stanley from $108.00 to $110.00 in a research report released on Friday,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

AGCO has been the subject of several other reports. DA Davidson began coverage on AGCO in a report on Friday, July 10th. They set a “buy” rating and a $160.00 price target for the company. UBS Group restated a “neutral” rating and issued a $123.00 price objective on shares of AGCO in a research note on Sunday, May 10th. Oppenheimer set a $134.00 price objective on shares of AGCO in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.64.

AGCO Trading Up 0.2%

NYSE AGCO opened at $115.53 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29. The company has a 50-day simple moving average of $114.89 and a 200-day simple moving average of $117.99. The firm has a market capitalization of $8.37 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. AGCO has a one year low of $99.21 and a one year high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings results 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. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities analysts forecast that AGCO will post 6.07 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s dividend payout ratio is presently 11.57%.

Insiders Place Their Bets

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total value of $52,096,895.20. Following the sale, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in shares of AGCO by 2,167.4% during the fourth quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock valued at $16,410,000 after purchasing an additional 150,371 shares during the period. Massachusetts Financial Services Co. MA increased its position in AGCO by 3.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after buying an additional 98,988 shares in the last quarter. Davis Selected Advisers increased its position in AGCO by 13.0% in the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after buying an additional 235,913 shares in the last quarter. Swedbank AB raised its stake in AGCO by 110.2% during the 4th quarter. Swedbank AB now owns 179,617 shares of the industrial products company’s stock worth $18,738,000 after buying an additional 94,183 shares during the period. Finally, Capital World Investors increased its holdings in shares of AGCO by 309.0% during 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 acquiring an additional 1,815,741 shares in the last quarter. 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.