AGCO (NYSE:AGCO) Hits New 52-Week Low – What’s Next?

AGCO Corporation (NYSE:AGCO)’s stock price reached a new 52-week low on Friday . The stock traded as low as $98.70 and last traded at $100.7030, with a volume of 10017 shares trading hands. The stock had previously closed at $99.45.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AGCO shares. Truist Financial reissued a “buy” rating and set a $135.00 target price (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Oppenheimer reduced their price target on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Citigroup decreased their price target on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings cut shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, DA Davidson set a $151.00 price objective on shares of AGCO in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $120.33.

AGCO Trading Up 1.1%

The firm’s 50-day moving average is $112.60 and its 200 day moving average is $117.95. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.84 and a beta of 1.08.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities analysts predict that AGCO Corporation will post 5.58 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. AGCO’s payout ratio is currently 16.60%.

Insiders Place Their Bets

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider directly owned 3,017,565 shares in the company, valued at $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by insiders.

Institutional Investors Weigh In On AGCO

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AGCO in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in AGCO in the second quarter valued at approximately $35,000. Elevation Wealth Partners LLC increased its position in AGCO by 400.0% during the 2nd 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 period. Finally, Trust Co. of Vermont bought a new position in AGCO during the 2nd quarter worth approximately $36,000. 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.