AGCO Corporation (NYSE:AGCO) Receives $109.38 Average PT from Analysts

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 assigned a consensus rating of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $109.3750.

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on AGCO from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, September 2nd. Zacks Research raised AGCO from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Citigroup reaffirmed a "neutral" rating and set a $110.00 target price on shares of AGCO in a report on Friday, May 30th. Oppenheimer raised their target price on AGCO from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group raised their target price on AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th.

Insider Buying and Selling

In other AGCO news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the sale, the senior vice president directly owned 16,189 shares of the company's stock, valued at approximately $1,771,076.60. This trade represents a 38.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.60% of the stock is currently owned by company insiders.

Institutional Trading of AGCO

Several institutional investors have recently bought and sold shares of AGCO. Citizens National Bank Trust Department grew its holdings in AGCO by 400.0% in the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 240 shares during the period. EverSource Wealth Advisors LLC grew 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 purchasing an additional 257 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in AGCO in the first quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its holdings in AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 190 shares during the period. Finally, Quarry LP acquired a new stake in AGCO in the first quarter valued at approximately $37,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of NYSE:AGCO traded down $1.81 during trading on Friday, hitting $109.34. The stock had a trading volume of 1,052,400 shares, compared to its average volume of 666,964. AGCO has a 12-month low of $73.79 and a 12-month high of $121.16. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 81.60, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $110.78 and a two-hundred day simple moving average of $101.09.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the business posted $2.53 earnings per share. The company's revenue for the quarter 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, equities research analysts expect that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. AGCO's dividend payout ratio (DPR) is 86.57%.

AGCO announced that its board has approved a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

About AGCO

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.