AGCO (NYSE:AGCO) Hits New 52-Week Low – What’s Next?

AGCO Corporation (NYSE:AGCO)’s stock price reached a new 52-week low on Friday . The stock traded as low as $98.70 and last traded at $100.7030, with a volume of 10017 shares. The stock had previously closed at $99.45.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer reduced their price target on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company dropped their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. DA Davidson set a $151.00 price target on shares of AGCO in a research note on Friday, July 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $135.00 price target (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $120.33.

AGCO Stock Up 1.1%

The stock has a 50-day moving average of $112.60 and a 200-day moving average of $117.95. 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 $7.04 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.84 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 for the quarter, missing the consensus estimate of $1.46 by ($0.03). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. AGCO’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts predict that AGCO Corporation will post 5.58 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s payout ratio is 16.60%.

Insiders Place Their Bets

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction dated 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 sale, the insider directly owned 3,017,565 shares in the company, valued at $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of AGCO

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in AGCO by 46.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 149 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AGCO by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after purchasing an additional 61,009 shares in the last quarter. Empowered Funds LLC increased its stake in shares of AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

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.