AGCO Corporation (NYSE:AGCO) Stock Has Consensus Price Target of $122.17

Shares of AGCO Corporation (NYSE:AGCO) have earned an average rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $122.17.

Several equities analysts have recently issued reports on the company. Oppenheimer lowered their price target on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. Truist Financial reaffirmed 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. Wells Fargo & Company lowered their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Finally, Wall Street Zen cut shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Insiders Place Their Bets

In other AGCO news, Director Lange De bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares in the company, valued at approximately $1,884,989.07. This trade represents a 5.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric Hansotia sold 2,604 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer owned 326,939 shares of the company’s stock, valued at $42,420,335.25. The trade was a 0.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 497,622 shares of company stock worth $57,461,807. Company insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in AGCO during the 2nd quarter valued at about $701,908,000. Capital World Investors increased its holdings in shares of 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 purchasing an additional 1,815,741 shares during the period. Norges Bank purchased a new stake in shares of AGCO in the fourth quarter worth approximately $78,202,000. Bank of New York Mellon Corp acquired a new stake in shares of AGCO during the second quarter worth approximately $64,273,000. Finally, Bank of America Corp DE acquired a new stake in shares of AGCO during the second quarter worth approximately $62,281,000. 78.80% of the stock is owned by institutional investors.

AGCO Trading Down 0.3%

AGCO stock opened at $117.69 on Tuesday. The firm has a 50 day simple moving average of $114.15 and a 200-day simple moving average of $115.23. 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 capitalization of $8.24 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.10. AGCO has a 12-month low of $98.22 and a 12-month high of $143.78.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $2.61 billion for 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%. AGCO’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts expect that AGCO will post 5.55 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. AGCO’s payout ratio is currently 16.60%.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.