AGCO Co. (AGCO) to Issue Quarterly Dividend of $0.29 on March 14th

AGCO Co. (NYSE:AGCO) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.29 per share by the industrial products company on Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, February 14th.

AGCO has increased its dividend payment by an average of 15.1% annually over the last three years and has raised its dividend every year for the last 12 years. AGCO has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Analysts expect AGCO to earn $4.22 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 27.5%.

AGCO Trading Up 1.9 %

Shares of AGCO stock opened at $101.89 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The business has a 50-day moving average of $95.47 and a 200 day moving average of $94.97. The stock has a market capitalization of $7.61 billion, a PE ratio of 45.08, a P/E/G ratio of 0.90 and a beta of 1.25. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $3.97 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGCO will post 7.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Truist Financial upped their target price on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley assumed coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.40.

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.