AGCO (NYSE:AGCO) Shares Gap Up – What’s Next?

AGCO Corporation (NYSE:AGCO) shares gapped up before the market opened on Monday . The stock had previously closed at $113.39, but opened at $118.19. AGCO shares last traded at $116.0180, with a volume of 76,756 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial reissued a “buy” rating and issued a $135.00 target price (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Wells Fargo & Company lowered their price target on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Zacks Research downgraded AGCO from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. Morgan Stanley decreased their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 4th. Finally, Oppenheimer lowered their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $122.17.

AGCO Trading Up 3.2%

The company’s 50 day simple moving average is $111.37 and its 200 day simple moving average is $116.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 0.98 and a beta of 1.08.

AGCO (NYSE:AGCO) last announced 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 net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the business posted $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. As a group, research analysts expect that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. AGCO’s payout ratio is currently 16.60%.

Insider Buying and Selling

In other news, Director Lange Bob De purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the transaction, the insider owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This trade represents a 14.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGCO

Several institutional investors have recently modified their holdings of AGCO. GAMMA Investing LLC increased its holdings in AGCO by 5.0% in the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock valued at $235,000 after buying an additional 94 shares during the last quarter. UMB Bank n.a. lifted its holdings in AGCO by 16.8% during the 4th quarter. UMB Bank n.a. now owns 759 shares of the industrial products company’s stock worth $79,000 after buying an additional 109 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of AGCO by 6.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 137 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of AGCO by 36.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 138 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares in the last quarter. 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.