AGCO Corporation (NYSE:AGCO) Stock Has Average Price Target of $122.17 According to Brokerages

Shares of AGCO Corporation (NYSE:AGCO) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $122.17.

Several equities analysts recently weighed in on AGCO shares. DA Davidson set a $151.00 target price on AGCO in a research report on Friday, July 31st. Weiss Ratings cut AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Morgan Stanley decreased their price objective on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 4th. Truist Financial reaffirmed a “buy” rating and set a $135.00 price objective (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st.

AGCO Stock Performance

AGCO opened at $116.09 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.00 and a beta of 1.10. The company’s 50 day moving average is $113.99 and its 200 day moving average is $115.30. AGCO has a 12-month low of $98.22 and a 12-month high of $143.78.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities research analysts predict that AGCO will post 5.54 EPS for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s payout ratio is currently 16.60%.

Insiders Place Their Bets

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction on Wednesday, August 5th. The shares were 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 in the company, valued at approximately $348,015,771.45. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lange De bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $100.71 per share, with a total value of $100,710.00. Following the acquisition, the director directly owned 18,717 shares in the company, valued at $1,884,989.07. This trade represents a 5.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 497,622 shares of company stock valued at $57,461,807. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in AGCO in the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC raised its position in shares of AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after buying an additional 232 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of AGCO during the second quarter valued at approximately $35,000. Trust Co. of Vermont purchased a new position in shares of AGCO in the second quarter worth $36,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of AGCO in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.