AGCO Corporation (NYSE:AGCO) is expected to pay $0.13 on Dec 15, 2016. The indicated annual dividend is $0.52. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on AGCO Corporation’s current price of $50.92, the dividend is 0.26%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.43% or $0.22 during the last trading session, hitting $50.92. AGCO Corporation (NYSE:AGCO) has risen 5.60% since April 7, 2016 and is uptrending. It has outperformed by 0.82% the S&P500.
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.23 billion. The Firm 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. It has a 26.29 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.
Insitutional Activity: The institutional sentiment decreased to 0.61 in 2016 Q2. Its down 0.13, from 0.74 in 2016Q1. The ratio is negative, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.
Northern Trust has 0.01% invested in the company for 712,391 shares. Ubs Asset Mngmt Americas, a Illinois-based fund reported 205,690 shares. Morgan Stanley last reported 1.26M shares in the company. The Michigan-based Northpointe Limited Liability Com has invested 0.29% in AGCO Corporation (NYSE:AGCO). The Ontario – Canada-based Agf America has invested 0.97% in AGCO Corporation (NYSE:AGCO). Amer Group Incorporated Incorporated, a New York-based fund reported 137,371 shares. Invesco Limited has 661,798 shares for 0.01% of their US portfolio. First Pacific Advsr Limited Liability Company owns 740,371 shares or 0.29% of their US portfolio. Metropolitan Life Ins Com Ny accumulated 0.02% or 66,586 shares. John G Ullman & Assocs Inc has 0.37% invested in the company for 37,800 shares. Pictet Asset Mngmt Ltd has 817,589 shares for 0.17% of their US portfolio. Envestnet Asset Management accumulated 87,299 shares or 0.02% of the stock. Blackrock Japan last reported 0.01% of its portfolio in the stock. The Netherlands-based Delta Lloyd Nv has invested 0.01% in AGCO Corporation (NYSE:AGCO). Federated Pa accumulated 0.02% or 127,849 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 2 insider sales for $277,113 net activity. On Tuesday, August 16 the insider Veltmaat Hans Bernd sold $13,493. 5,168 shares with value of $263,620 were sold by COLLAR GARY L on Monday, May 23.
AGCO Corporation (NYSE:AGCO) Ratings Coverage
Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. $54 is the highest target while $39 is the lowest. The $47.82 average target is -6.09% below today’s ($50.92) stock price. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal Weight” rating and $44 target price in Wednesday, December 16 report. The firm earned “Hold” rating on Thursday, July 30 by Vertical Research. Barclays Capital maintained the shares of AGCO in a report on Wednesday, October 12 with “Equal-Weight” rating. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 12 report. The firm earned “Neutral” rating on Friday, July 15 by Citigroup. Barclays Capital initiated AGCO Corporation (NYSE:AGCO) rating on Friday, September 25. Barclays Capital has “Equal-Weight” rating and $44 price target. The rating was downgraded by UBS to “Sell” on Thursday, October 1. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, April 28. As per Friday, September 25, the company rating was maintained by Bank of America. The rating was maintained by Piper Jaffray on Monday, August 24 with “Neutral”.
Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Equitiesfocus.com which published an article titled: “AGCO Corporation (NYSE:AGCO) Fixes Dividend Payout At $0.13” on November 08, 2016.
AGCO Company Profile
AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm 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. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s 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.
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