AGCO Corporation (NYSE:AGCO) Shareholders to Collect $0.30 Quarterly Dividend

AGCO Corporation (NYSE:AGCO) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 16th will be paid a dividend of $0.30 per share by the industrial products company on Tuesday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 16th.

AGCO has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AGCO has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AGCO to earn $7.54 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 15.9%.

AGCO Stock Up 1.0%

AGCO stock opened at $106.24 on Friday. AGCO has a 1-year low of $98.22 and a 1-year high of $143.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The stock has a market cap of $7.44 billion, a PE ratio of 17.86, a P/E/G ratio of 0.79 and a beta of 1.08. The stock’s fifty day moving average is $114.10 and its two-hundred day moving average is $114.37.

AGCO (NYSE:AGCO) last released its quarterly earnings data 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). AGCO had a return on equity of 10.09% and a net margin of 5.15%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company posted $1.35 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, sell-side analysts expect that AGCO will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGCO. Weiss Ratings raised AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. DA Davidson restated a “buy” rating and set a $151.00 price target on shares of AGCO in a research note on Thursday, October 8th. Zacks Research upgraded AGCO from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, UBS Group decreased their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AGCO presently has an average rating of “Hold” and a consensus target price of $122.92.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.