Brokerages Set AGCO Corporation (NYSE:AGCO) Target Price at $123.25

AGCO Corporation (NYSE:AGCO) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $120.3333.

A number of equities analysts have commented on AGCO shares. DA Davidson set a $151.00 price objective on shares of AGCO in a research note on Friday, July 31st. Oppenheimer decreased their target price on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Truist Financial reaffirmed a “buy” rating and issued a $135.00 price target (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Morgan Stanley dropped their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, UBS Group decreased their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday.

AGCO Stock Performance

NYSE AGCO opened at $102.85 on Monday. 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 $99.21 and a 1-year high of $143.78. The business has a 50 day simple moving average of $113.94 and a two-hundred day simple moving average of $118.25. The stock has a market capitalization of $7.20 billion, a PE ratio of 14.23, a P/E/G ratio of 0.84 and a beta of 1.08.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the company earned $1.35 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts predict that AGCO will post 5.58 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. AGCO’s payout ratio is currently 16.60%.

Insiders Place Their Bets

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the transaction, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares during the period. Advisory Services Network LLC purchased a new stake in shares of AGCO in the third quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its stake in AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares in the last quarter. Torren Management LLC bought a new position in AGCO in the fourth quarter worth approximately $35,000. Finally, Elevation Wealth Partners LLC grew its stake in AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.