AGCO (NYSE:AGCO) Given New $107.00 Price Target at The Goldman Sachs Group

AGCO (NYSE:AGCO) had its price objective upped by The Goldman Sachs Group from $91.00 to $107.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other analysts also recently commented on AGCO. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Truist Financial lowered their target price on AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Oppenheimer lowered their target price on AGCO from $109.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their target price on AGCO from $110.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $104.10.

AGCO Stock Up 0.9%

AGCO stock opened at $101.35 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The business’s 50-day simple moving average is $91.73 and its two-hundred day simple moving average is $95.24. The company has a market cap of $7.56 billion, a PE ratio of -17.81, a PEG ratio of 1.80 and a beta of 1.20. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $108.76.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.38. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The company’s quarterly revenue was down 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 EPS. Equities analysts anticipate that AGCO will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. AGCO’s payout ratio is currently -14.87%.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now owns 17,380 shares of the company’s stock, valued at $1,845,408.40. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of AGCO by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,985,474 shares of the industrial products company’s stock valued at $646,648,000 after purchasing an additional 481,146 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of AGCO by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,046 shares of the industrial products company’s stock valued at $309,745,000 after purchasing an additional 361,965 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AGCO by 14.0% in the first 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock valued at $271,259,000 after purchasing an additional 2,444,615 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of AGCO by 1.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock valued at $256,522,000 after purchasing an additional 39,966 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.