AGCO (NYSE:AGCO) Price Target Raised to $110.00

AGCO (NYSE:AGCO) had its price target raised by Morgan Stanley from $108.00 to $110.00 in a research report sent to investors on Friday,Benzinga reports. Morgan Stanley currently has an underweight rating on the industrial products company’s stock.

A number of other research analysts have also recently weighed in on AGCO. JPMorgan Chase & Co. dropped their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Weiss Ratings lowered shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. DA Davidson initiated coverage on shares of AGCO in a research note on Friday, July 10th. They issued a “buy” rating and a $160.00 price objective on the stock. Oppenheimer set a $134.00 target price on shares of AGCO in a report on Wednesday, May 6th. Finally, Truist Financial lifted their target price on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, AGCO has an average rating of “Hold” and a consensus target price of $129.64.

AGCO Price Performance

Shares of NYSE:AGCO opened at $115.53 on Friday. The business’s 50 day simple moving average is $114.89 and its 200-day simple moving average is $118.08. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. AGCO has a 12 month low of $99.21 and a 12 month high of $143.78.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, equities analysts forecast that AGCO will post 6.07 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be 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 is Friday, August 14th. AGCO’s payout ratio is 11.57%.

Insider Activity

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction 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 sale, the insider directly owned 3,149,820 shares in the company, valued at $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AGCO

Institutional investors and hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its stake in shares of AGCO by 19.1% during the second quarter. Wedge Capital Management L L P NC now owns 111,374 shares of the industrial products company’s stock valued at $13,331,000 after buying an additional 17,846 shares during the period. Gradient Investments LLC grew its stake in AGCO by 9.4% in the 2nd quarter. Gradient Investments LLC now owns 21,742 shares of the industrial products company’s stock worth $2,603,000 after acquiring an additional 1,867 shares during the period. Elevation Wealth Partners LLC grew its stake in AGCO by 400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 232 shares during the period. GAMMA Investing LLC raised its holdings in AGCO by 5.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 94 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in AGCO by 12.1% in the 2nd quarter. Versant Capital Management Inc now owns 3,449 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.