AGCO Corporation (NYSE:AGCO) Plans Quarterly Dividend of $0.30

AGCO Corporation (NYSE:AGCO) announced a quarterly dividend on Wednesday, July 8th. Stockholders of record on Friday, August 14th will be given a dividend of 0.30 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th.

AGCO has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AGCO has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect AGCO to earn $8.05 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.9%.

AGCO Stock Down 0.1%

NYSE AGCO opened at $113.65 on Thursday. AGCO has a 1 year low of $99.21 and a 1 year high of $143.78. The stock has a market capitalization of $8.23 billion, a PE ratio of 10.96, a PEG ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. The business’s 50-day moving average is $115.27 and its 200 day moving average is $117.63.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Sell-side analysts forecast that AGCO will post 6.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Weiss Ratings cut shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Morgan Stanley reiterated an “underweight” rating and set a $108.00 price target on shares of AGCO in a research report on Thursday, May 14th. Truist Financial increased their price target on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, Oppenheimer set a $134.00 price objective on shares of AGCO in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $127.20.

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.