AGCO Corporation (NYSE:AGCO) Plans Quarterly Dividend of $0.29

Key Points

• AGCO Corporation announced a quarterly dividend of $0.29 per share, set to be distributed on December 15th to stockholders of record by November 14th, reflecting an annualized yield of 1.1%.
• The company reported a payout ratio of 18.9%, indicating that its dividends are well supported by earnings, with projected earnings of $6.16 per share for the next year.
• AGCO's stock opened at $110.06, representing a market cap of $8.21 billion, and has seen a high of $121.16 and a low of $73.79 over the past year.

AGCO Corporation (NYSE:AGCO - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 14th will be given a dividend of 0.29 per share by the industrial products company on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 14th.

AGCO has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGCO to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 18.8%.

AGCO Trading Up 2.6%

Shares of AGCO stock opened at $110.06 on Friday. The stock has a market cap of $8.21 billion, a PE ratio of 82.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23. The firm has a fifty day moving average price of $109.42 and a 200 day moving average price of $103.77. AGCO has a 1 year low of $73.79 and a 1 year high of $121.16. 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 (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.29. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm's revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period last year, the firm earned $2.53 EPS. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Equities research analysts predict that AGCO will post 4.2 earnings per share for the current year.

Insider Activity

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of AGCO stock in a transaction dated 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 sale, the senior vice president owned 16,189 shares in the company, valued at $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 available through this link. 16.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGCO

Several institutional investors have recently bought and sold shares of AGCO. Teacher Retirement System of Texas acquired a new position in shares of AGCO during the first quarter valued at approximately $1,212,000. GAMMA Investing LLC increased its position in shares of AGCO by 66.9% during the first quarter. GAMMA Investing LLC now owns 908 shares of the industrial products company's stock worth $84,000 after purchasing an additional 364 shares in the last quarter. Inspire Investing LLC raised its stake in AGCO by 64.0% in the 1st quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company's stock valued at $653,000 after purchasing an additional 2,752 shares during the last quarter. Voya Investment Management LLC raised its stake in AGCO by 4.2% in the 1st quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company's stock valued at $829,000 after purchasing an additional 364 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in AGCO by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company's stock valued at $306,112,000 after purchasing an additional 405,022 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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