AGCO Corporation (AGCO) To Go Ex-Dividend on February 13th

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Thursday, January 15th. Investors of record on Friday, February 13th will be paid a dividend of 0.29 per share by the industrial products company on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th.

AGCO has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AGCO has a dividend 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 1.6%

NYSE:AGCO opened at $135.71 on Wednesday. The business’s 50-day moving average is $111.10 and its two-hundred day moving average is $109.54. The firm has a market capitalization of $10.13 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. AGCO has a 12 month low of $73.79 and a 12 month high of $135.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts predict that AGCO will post 4.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in AGCO in the fourth quarter valued at about $78,202,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of AGCO in the 4th quarter worth approximately $244,000. Baker Avenue Asset Management LP bought a new stake in shares of AGCO in the 4th quarter valued at approximately $343,000. Geode Capital Management LLC raised its position in shares of AGCO by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,133,874 shares of the industrial products company’s stock valued at $118,312,000 after acquiring an additional 15,459 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of AGCO by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 1,086 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.