AGCO Corporation (NYSE:AGCO) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.14 per share by the industrial products company on Friday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 14th.
AGCO Corporation has raised its dividend payment by an average of 9.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. AGCO Corporation has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AGCO Corporation to earn $3.77 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.9%.
AGCO Corporation (NYSE:AGCO) opened at $67.97 on Monday. AGCO Corporation has a 12 month low of $51.29 and a 12 month high of $75.58. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market cap of $5,406.97, a P/E ratio of 24.63, a P/E/G ratio of 1.71 and a beta of 0.82.
AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. AGCO Corporation had a net margin of 2.59% and a return on equity of 7.50%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts expect that AGCO Corporation will post 3.02 EPS for the current fiscal year.
AGCO has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $66.00 price objective on shares of AGCO Corporation and gave the company a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $73.00 price objective on shares of AGCO Corporation in a research note on Wednesday, November 1st. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price objective (up previously from $88.00) on shares of AGCO Corporation in a research note on Thursday, September 21st. UBS AG reiterated a “neutral” rating on shares of AGCO Corporation in a research note on Friday, October 20th. Finally, TheStreet upgraded shares of AGCO Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.07.
In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of AGCO Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total transaction of $49,890.00. Following the transaction, the senior vice president now directly owns 68,552 shares in the company, valued at approximately $4,560,079.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.60% of the company’s stock.
About AGCO Corporation
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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