AGCO Corporation (NYSE:AGCO – Get Free Report) has earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $122.17.
A number of equities research analysts have issued reports on AGCO shares. JPMorgan Chase & Co. lowered their target price on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Truist Financial reiterated a “buy” rating and issued a $135.00 price target (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $120.00 to $150.00 in a research note on Monday, August 31st. DA Davidson set a $151.00 price objective on AGCO in a report on Friday, July 31st. Finally, Oppenheimer reduced their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, July 31st.
View Our Latest Research Report on AGCO
AGCO Price Performance
AGCO (NYSE:AGCO – Get Free Report) last announced 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). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts expect that AGCO will post 5.55 EPS for the current year.
AGCO Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. AGCO’s dividend payout ratio is presently 16.60%.
Insider Buying and Selling
In other AGCO news, CEO Eric P. Hansotia sold 2,604 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares in the company, valued at $42,420,335.25. This represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ivory Harris sold 1,600 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the completion of the sale, the senior vice president owned 14,454 shares in the company, valued at $1,811,086.20. This represents a 9.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 497,622 shares of company stock valued at $57,461,807 in the last three months. Insiders own 0.62% of the company’s stock.
Hedge Funds Weigh In On AGCO
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGCO. Northwestern Mutual Wealth Management Co. bought a new position in shares of AGCO in the second quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in AGCO during the second quarter valued at approximately $35,000. Elevation Wealth Partners LLC lifted its position in AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 232 shares during the last quarter. Trust Co. of Vermont purchased a new position in AGCO in the 2nd quarter worth approximately $36,000. Finally, Allworth Financial LP purchased a new position in AGCO in the 2nd quarter worth approximately $44,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.
About AGCO
AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.
AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.
Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.
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