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

Shares of AGCO Corporation (NYSE:AGCO) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $126.50.

AGCO has been the subject of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $108.00 price target on shares of AGCO in a research note on Thursday, May 14th. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. UBS Group restated a “neutral” rating and issued a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th.

AGCO Price Performance

AGCO stock opened at $113.78 on Friday. The company has a market capitalization of $8.24 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29. AGCO has a 52-week low of $98.60 and a 52-week high of $143.78. The business has a 50-day simple moving average of $116.13 and a two-hundred day simple moving average of $116.68.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Research analysts expect that AGCO will post 5.99 EPS for the current fiscal year.

AGCO Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 15th. This is a boost from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio (DPR) is presently 11.57%.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’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 transaction, the insider owned 3,149,820 shares in the company, valued at $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 available at this hyperlink. 0.62% of the stock is owned by insiders.

Hedge Funds Weigh In On AGCO

A number of hedge funds and other institutional investors have recently modified their holdings of AGCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AGCO by 46.2% in 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 buying an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 149 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of AGCO by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after purchasing an additional 61,009 shares during the period. Empowered Funds LLC raised its holdings in shares of AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the period. 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.