AGCO Corporation (NYSE:AGCO) Plans Quarterly Dividend of $0.30

Key Points

• AGCO declared a quarterly dividend of $0.30 per share, payable December 15 to shareholders of record as of November 16. The dividend implies an annualized payout of $1.20 and a 1.1% yield.
• AGCO has raised its dividend for 12 consecutive years, with a 19.6% payout ratio indicating substantial earnings coverage; analysts expect the future payout ratio to be about 15.9%.
• The company recently missed quarterly earnings and revenue estimates, while analyst sentiment remains mixed: AGCO has a consensus “Hold” rating and an average price target of $122.92.

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

AGCO has increased 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 payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

AGCO stock opened at $106.24 on Friday. The firm has a 50 day simple moving average of $114.10 and a 200-day simple moving average of $114.37. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. AGCO has a 1-year low of $98.22 and a 1-year high of $143.78.

AGCO (NYSE:AGCO - Get Free Report) last released 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 business had revenue of $2.61 billion during 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%. The company's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, analysts expect that AGCO will post 5.55 EPS for the current year.

Analysts Set New Price Targets

AGCO has been the subject of a number of research analyst reports. UBS Group lowered their price target on AGCO from $123.00 to $114.00 and set a "neutral" rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $123.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, October 8th. Citigroup dropped their price target on shares of AGCO from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Barclays reduced their price target on shares of AGCO from $105.00 to $97.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of AGCO from $132.00 to $117.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, AGCO presently has a consensus rating of "Hold" and an average price target of $122.92.

AGCO Company Profile

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.

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