AGCO (NYSE:AGCO) Now Covered by DA Davidson

DA Davidson began coverage on shares of AGCO (NYSE:AGCO) in a research report report published on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $160.00 price target on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on AGCO. UBS Group reiterated a “neutral” rating and issued a $123.00 price objective on shares of AGCO in a report on Sunday, May 10th. Morgan Stanley restated an “underweight” rating and issued a $108.00 target price on shares of AGCO in a research report on Thursday, May 14th. Weiss Ratings lowered AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Oppenheimer set a $134.00 price target on AGCO in a research report on Wednesday, May 6th. Finally, Truist Financial increased their price objective on AGCO from $152.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.18.

AGCO Price Performance

Shares of AGCO stock traded up $1.28 on Friday, reaching $114.54. The company’s stock had a trading volume of 638,589 shares, compared to its average volume of 658,962. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.29 billion, a P/E ratio of 11.05, a PEG ratio of 0.75 and a beta of 1.07. The stock has a 50-day moving average price of $115.23 and a 200-day moving average price of $117.66. AGCO has a 52-week low of $99.21 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last announced its 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. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Analysts expect that AGCO will post 6.04 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid 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 yield of 1.0%. AGCO’s payout ratio is 11.57%.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 3,149,820 shares of the company’s stock, valued at $388,309,809.60. This represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after buying an additional 1,815,741 shares during the period. Norges Bank purchased a new position in shares of AGCO during the 4th quarter worth approximately $78,202,000. Invesco Ltd. boosted its position in shares of 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 during the period. Davis Selected Advisers increased its holdings 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 purchasing an additional 235,913 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings 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 institutional investors and hedge funds.

AGCO Company Profile

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.