AGCO Corporation (NYSE:AGCO) had declared a cash dividend of $0.1300 on Jul 26, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Jul 26, 2016 share price, the yield comes out to be 1.1003%. The dividend payable date has been fixed on Sep 15, 2016.
In a different note, On Jul 25, 2016, PiperJaffray said it Downgrades its rating on AGCO Corporation. The shares have been rated ‘Underweight’ by the firm. On Jul 15, 2016, Citigroup said it Maintains its rating on AGCO Corporation. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 27, 2016, JP Morgan said it Downgrades its rating on AGCO Corporation. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Underweight’ by the firm.
AGCO Corporation (AGCO) made into the market gainers list on Fridays trading session with the shares advancing 0.42% or 0.2 points. Due to strong positive momentum, the stock ended at $48.16, which is also near the day’s high of $48.51. The stock began the session at $47.67 and the volume stood at 5,19,408 shares. The 52-week high of the shares is $57.9 and the 52 week low is $41.91. The company has a current market capitalization of $3,972 M and it has 8,24,74,201 shares in outstanding.
AGCO Corporation(AGCO) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.56B. Analysts had an estimated revenue of $1.47B. Earnings per share were $0.11. Analysts had estimated an EPS of $0.05.
Several Insider Transactions has been reported to the SEC. On May 25, 2016, Gary L Collar (Sr. VP – General Manager, APAC) sold 5,168 shares at $51.01 per share price.Also, On May 4, 2016, Robert B Crain (Sr VP, Gen. Mgr. Americas) sold 1,500 shares at $53.01 per share price.On May 4, 2016, Martin Richenhagen (Chairman, President and CEO) sold 10,628 shares at $52.54 per share price, according to the Form-4 filing with the securities and exchange commission.
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment including tractors combines self-propelled sprayers hay tools forage equipment seeding and tillage implements and grain storage and protein production systems. Its products are marketed under various brands including Challenger Fendt GSI Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. The Company’s geographical segments include North America South America Europe/Africa/Middle East and Asia/Pacific. The Company’s AGCO Power engines division produces diesel engines gears and generating sets. It also offers precision farming technologies which are installed in its products and include satellite-based steering field data collection yield mapping and telemetry-based fleet management systems.