AGCO (NYSE:AGCO) Given New $152.00 Price Target at Truist Financial

AGCO (NYSE:AGCO) had its target price boosted by Truist Financial from $134.00 to $152.00 in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other analysts have also recently commented on the company. Barclays upped their price target on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer lifted their price target on shares of AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.73.

AGCO Stock Up 0.8%

Shares of AGCO stock opened at $133.67 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. AGCO has a 12 month low of $73.79 and a 12 month high of $133.77. The stock has a market cap of $9.97 billion, a P/E ratio of 13.71, a P/E/G ratio of 11.69 and a beta of 1.19. The company has a 50 day simple moving average of $110.48 and a two-hundred day simple moving average of $109.37.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts expect that AGCO will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 13th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. AGCO’s dividend payout ratio (DPR) is presently 11.90%.

Hedge Funds Weigh In On AGCO

Institutional investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS grew its stake in AGCO by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock valued at $1,531,000 after acquiring an additional 100 shares during the period. Signaturefd LLC raised its position in AGCO by 30.1% during the fourth quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 117 shares during the period. Choreo LLC lifted its holdings in AGCO by 2.0% during the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock valued at $684,000 after purchasing an additional 128 shares in the last quarter. Quantum Portfolio Management LLC lifted its holdings in AGCO by 5.5% during the second quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 129 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its position in shares of AGCO by 6.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 137 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Company Profile

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.