AGCO Corporation (AGCO) to Issue Quarterly Dividend of $0.30 on June 15th

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 15th will be given a dividend of 0.30 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 15th. This is a 3.4% increase from AGCO’s previous quarterly dividend of $0.29.

AGCO has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. AGCO has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AGCO to earn $8.06 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.9%.

AGCO Stock Down 0.7%

AGCO stock opened at $118.02 on Wednesday. The firm has a 50-day moving average of $118.72 and a two-hundred day moving average of $115.13. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.80 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. AGCO has a 12 month low of $95.96 and a 12 month high of $143.78.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping 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 net margin of 7.43% and a return on equity of 9.99%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, analysts forecast that AGCO will post 6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AGCO shares. Citigroup raised their price target on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. UBS Group restated a “neutral” rating and set a $123.00 price target on shares of AGCO in a report on Sunday. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a report on Monday, February 9th. Oppenheimer set a $134.00 price target on shares of AGCO in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $126.40.

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.