Wall Street Zen cut shares of AGCO (NYSE:AGCO – Free Report) from a buy rating to a hold rating in a report released on Saturday.
Several other research firms also recently issued reports on AGCO. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Wells Fargo & Company lowered their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday. Oppenheimer dropped their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Morgan Stanley boosted their price target on shares of AGCO from $108.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $122.00.
Check Out Our Latest Stock Report on AGCO
AGCO Stock Up 1.7%
AGCO (NYSE:AGCO – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $1.35 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Research analysts expect that AGCO will post 5.63 earnings per share for the current year.
AGCO Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. AGCO’s dividend payout ratio is currently 16.60%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AGCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AGCO by 46.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 1,567 shares during the period. Jones Financial Companies Lllp grew its position in shares of AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of AGCO by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after buying an additional 61,009 shares in the last quarter. Empowered Funds LLC grew its position in shares of AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after buying an additional 176 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after buying an additional 190 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.
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.
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