AGCO’s (AGCO) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of AGCO (NYSE:AGCO) in a research note published on Friday morning,Weiss Ratings reports.

A number of other equities analysts have also weighed in on AGCO. Citigroup lowered their target price on AGCO from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. Barclays increased their target price on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. increased their target price on AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Oppenheimer reduced their price target on AGCO from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $116.33.

AGCO Price Performance

Shares of NYSE AGCO opened at $108.67 on Friday. The firm has a market cap of $8.11 billion, a P/E ratio of 81.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. AGCO has a 1-year low of $73.79 and a 1-year high of $121.16. The business’s 50 day moving average is $109.35 and its 200-day moving average is $104.32.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.29. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. 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.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 86.57%.

AGCO announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 12.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was 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 of the company’s stock, valued at approximately $1,771,076.60. This trade represents a 38.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. JPMorgan Chase & Co. boosted its holdings in shares of AGCO by 78.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock valued at $201,755,000 after purchasing an additional 861,377 shares in the last quarter. Norges Bank acquired a new stake in shares of AGCO in the 2nd quarter valued at $78,651,000. Ninety One UK Ltd acquired a new stake in shares of AGCO in the 3rd quarter valued at $69,996,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of AGCO by 7.4% in the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AGCO by 62.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,135,672 shares of the industrial products company’s stock valued at $105,129,000 after purchasing an additional 436,237 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About AGCO

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.