Analysts Set AGCO Corporation (NYSE:AGCO) PT at $109.38

Key Points

• AGCO Corporation has received an average rating of "Hold" from ten brokerages, with one sell recommendation, three buy recommendations, and one strong buy recommendation; the average 1-year price target is $109.3750.
• Insider trading activity includes SVP Luis Fernando Sartini Felli selling 10,000 shares at an average price of $109.40, which represents a significant decrease in ownership.
• AGCO recently announced a quarterly dividend of $0.29 per share, with a dividend payout ratio of 86.57%, indicating a strong commitment to returning value to shareholders.

AGCO Corporation (NYSE:AGCO - Get Free Report) has been given a consensus recommendation of "Hold" by the ten brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $109.3750.

AGCO has been the topic of a number of analyst reports. UBS Group restated a "neutral" rating and set a $119.00 target price (up previously from $100.00) on shares of AGCO in a research report on Friday, August 8th. The Goldman Sachs Group increased their target price on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of AGCO from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup reiterated a "neutral" rating and set a $110.00 price target on shares of AGCO in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of AGCO from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 2nd.

AGCO Stock Performance

AGCO stock traded down $0.16 during trading hours on Friday, hitting $109.02. The company had a trading volume of 660,107 shares, compared to its average volume of 664,135. The firm has a market cap of $8.13 billion, a PE ratio of 81.36, a PEG ratio of 1.72 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.67. AGCO has a one year low of $73.79 and a one year high of $121.16. The firm has a 50-day moving average of $110.75 and a 200 day moving average of $100.85.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The business's revenue was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. On average, sell-side analysts expect that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. AGCO's dividend payout ratio (DPR) is currently 86.57%.

AGCO announced that its board has initiated a stock buyback program on Wednesday, July 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the transaction, the senior vice president owned 16,189 shares of the company's stock, valued at $1,771,076.60. This represents a 38.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On AGCO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft lifted its stake in AGCO by 3.1% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company's stock valued at $390,000 after purchasing an additional 113 shares during the last quarter. Quantum Portfolio Management LLC lifted its stake in AGCO by 5.5% in the 2nd quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company's stock valued at $257,000 after purchasing an additional 129 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in AGCO by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 8,241 shares of the industrial products company's stock valued at $763,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 149 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in AGCO by 4.4% in the 4th quarter. ProShare Advisors LLC now owns 3,635 shares of the industrial products company's stock valued at $340,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 78.80% of the company's stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.