AGCO Corporation (AGCO) to Issue Quarterly Dividend of $0.29 on December 15th

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.29 per share by the industrial products company on Monday, December 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 14th.

AGCO has a payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGCO to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 18.8%.

AGCO Price Performance

Shares of NYSE:AGCO opened at $108.67 on Friday. The company’s fifty day moving average is $109.35 and its two-hundred day moving average is $104.00. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. AGCO has a 12-month low of $73.79 and a 12-month high of $121.16. The company has a market cap of $8.11 billion, a P/E ratio of 81.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.29. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $2.53 EPS. The company’s revenue was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Equities analysts expect that AGCO will post 4.2 earnings per share for the current fiscal year.

Insider Transactions at AGCO

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president directly owned 16,189 shares in the company, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On AGCO

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in AGCO during the first quarter valued at about $1,212,000. GAMMA Investing LLC boosted its holdings in AGCO by 66.9% during the first quarter. GAMMA Investing LLC now owns 908 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 364 shares during the period. Inspire Investing LLC boosted its holdings in AGCO by 64.0% during the first quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company’s stock valued at $653,000 after acquiring an additional 2,752 shares during the period. Voya Investment Management LLC boosted its holdings in AGCO by 4.2% during the first quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 364 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AGCO by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company’s stock valued at $306,112,000 after acquiring an additional 405,022 shares during the period. 78.80% of the stock is currently owned by institutional investors.

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.