AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers high 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. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.
IPO Year:
Exchange: NYSE
Website: agcocorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2025 | $110.00 | Buy → Neutral | Citigroup |
| 4/16/2025 | $75.00 | Equal-Weight → Underweight | Morgan Stanley |
| 4/8/2025 | Neutral → Buy | Citigroup | |
| 3/3/2025 | $116.00 → $100.00 | Outperform → Neutral | Robert W. Baird |
| 12/3/2024 | $101.00 | Equal-Weight | Morgan Stanley |
| 8/9/2024 | $96.00 | Market Perform | BMO Capital Markets |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $108.00 | Neutral | Citigroup |
| 3/14/2024 | $142.00 | Buy | Truist |
| 4/3/2023 | $149.00 → $135.00 | Buy → Neutral | Goldman |
10-Q - AGCO CORP /DE (0000880266) (Filer)
8-K - AGCO CORP /DE (0000880266) (Filer)
8-K - AGCO CORP /DE (0000880266) (Filer)
8-K - AGCO CORP /DE (0000880266) (Filer)
8-K - AGCO CORP /DE (0000880266) (Filer)
SD - AGCO CORP /DE (0000880266) (Filer)
S-8 - AGCO CORP /DE (0000880266) (Filer)
10-Q - AGCO CORP /DE (0000880266) (Filer)
8-K - AGCO CORP /DE (0000880266) (Filer)
SCHEDULE 13G/A - AGCO CORP /DE (0000880266) (Subject)
The Board of Directors of Eastman Chemical Company (NYSE:EMN) has appointed Mr. Damon Audia as a director. Audia is Senior Vice President and Chief Financial Officer for AGCO Corporation (NYSE:AGCO), an $11.7 billion global leader in agricultural machinery and precision ag technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250627714554/en/Damon Audia "We are thrilled to welcome Damon to our Board of Directors. His extensive experience in finance and his strategic acumen will be invaluable as Eastman continues to pursue its vision of innovation and growth," said Mark Costa, Board Chair and CEO. "Damon's leadership and dee
DULUTH, Ga., Feb. 12, 2025 /PRNewswire/ -- AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the election of Zhanna Golodryga to its Board of Directors, effective April 1, 2025. Ms. Golodryga is a proven leader in the information technology field with an extensive background in cybersecurity, digital and business transformation. "We are delighted to have Zhanna join our Board," said Eric Hansotia, Chairman, President and CEO of AGCO Corporation. "Her technology, innov
DULUTH, Ga., Dec. 10, 2024 /PRNewswire/ -- AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced Bob Crain, Senior Vice President (SVP) and General Manager, Grain & Protein, will retire at the end of December 2024 after nearly 19 years of dedicated service to AGCO and more than 30 years' experience in the agricultural equipment business. "Bob has been an invaluable asset not only to AGCO and our legacy but also to the broader agriculture industry," said Eric Hansotia, AGC
DULUTH, Ga., June 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology today welcomed the announcement of Parallel Ag's merger with the A.C. McCartney Equipment dealership in Illinois, including all five of its locations in Carthage, Durand, Fulton, Mt. Sterling and Wataga. All Illinois locations will continue to operate under the A.C. McCartney Equipment name and maintain existing leadership and staff for seamless continuity of sales and services to customers. The merger will provide AGCO's full lineup of popular brands and equipment, including Fendt® and Massey Ferguson®, thro
Acquisition of Rensselaer location and commitment to open a fifth Indiana store will expand Plevna sales and services across northern Indiana. AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, welcomed Plevna Implement's expansion into western Indiana with its recent announcement that it will purchase MacAllister Machinery's store in Rensselaer, Indiana, and has committed to opening a fifth Indiana store at a soon-to-be-announced location for coverage across much of the northern half of the state. All Plevna locations will provide Indiana farmers with full-line sales and service of AGCO's fast-
Hans-Bernd Veltmaat to retire as Chief Supply Chain Officer Tim Millwood appointed Chief Supply Chain Officer effective August 15, 2022 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer effective August 15, 2022. Mr. Millwood joins AGCO following a more than thirty-year career at Cummins Inc (NYSE:CMI), a global power technology leader, where he most recently served as Vice President, Global Manufacturing. Hans-Bernd Veltmaat ha
Andy Beck to retire as Chief Financial Officer Damon Audia appointed Chief Financial Officer effective July 1, 2022 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Damon Audia to succeed Andy Beck as Senior Vice President and Chief Financial Officer (CFO) effective July 1, 2022. Mr. Audia joins AGCO from Kennametal Inc. (NYSE:KMT), an industrial technology leader specializing in tooling and wear-resistant solutions, where he served as the CFO since August 2018. Andy Beck will retire from AGCO in early 2023. He will serve as S
AGCO, Your Agriculture Company, (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today the election of David Sagehorn to its Board of Directors effective March 15, 2022. "We are pleased to have Dave join our Board," said Eric Hansotia, Chairman, President and CEO of AGCO Corporation. "His wealth of knowledge, financial expertise and his extensive experience in a company that produces technology-rich vehicles will be invaluable as we continue to evolve AGCO's smart solutions for our farmer customers. He will provide an important perspective and contribution to our Board." George Benson is retiring from
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced today the election of Niels Pörksen to its Board of Directors effective October 21, 2021. "We are delighted to have Niels join our Board," said Eric Hansotia, Chairman, President and CEO of AGCO Corporation. "His European experience and wealth of knowledge in the global agricultural industry will be invaluable as we continue to evolve AGCO's smart solutions for our farmer customers. He will provide an important perspective and contribution to our Board." Roy Armes is retiring from the Board of Directors effective October 21, 2021. "Roy has m
VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced that, effective August 5, 2021, the Company has appointed Mr. Hubertus Muehlhaeuser to the Company's Board of Directors. Mr. Jim Roche, Chairman of Ballard's Board of Directors said, "We continue to ensure a strong matrix of diverse and complementary skills and experiences on our Board. Hubertus brings a strong background in industrial manufacturing, including commercial vehicles, construction machinery, agricultural machinery, and powertrain technologies. His distinguis
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Net sales of $2.6 billion, down 18.8% year-over-yearReported earnings per share of $4.22 and adjusted earnings per share(1) of $1.35Strong year-to-date free cash flow generationFull-year net sales and adjusted earnings per share outlook raisedDULUTH, Ga., July 31, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.6 billion for the second quarter ended June 30, 2025, a decrease of 18.8% compared to the second quarter of 2024. The second quarter of 2024 included other revenue of $290.5 million which represents revenue from the Company's divestiture of the majority of
DULUTH, Ga., July 24, 2025 /PRNewswire/ -- AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, announced a new partnership with Cultivating New Frontiers in Agriculture (CNFA) to support youth-led and high-impact innovations for sustainable agri-food systems. The Foundation has awarded CNFA a $450,000 grant over three years to provide 30 AGCO Foundation Youth AgriChampions with training and resources to become agents of change for sustainable agri-food systems throughou
Building on a longstanding relationship to enhance AGCO's operational framework for growth by leveraging Infosys Cobalt and Infosys Topaz BENGALURU, India, July 22, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE:INFY), a global leader in next-generation digital services and consulting, today announced the extension of its strategic collaboration with AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision agriculture technology. This new engagement spans IT infrastructure and HR operations, empowering AGCO with an efficient and future-ready operational framework. The transformation aims to enhance user expe
DULUTH, Ga., July 10, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on September 15, 2025, to all stockholders of record as of the close of business August 15, 2025. About AGCO: AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers thr
DULUTH, Ga., July 10, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its second-quarter 2025 earnings release conference call is scheduled for Thursday, July 31, at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at www.agcocorp.com under the "Investors" Section. The webcast will also be archived for 12 months immediately afterward. About AGCO:A
DULUTH, Ga., July 9, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's common stock, following the pending resolution with Tractors and Farm Equipment Limited (TAFE). "AGCO has always maintained a disciplined and robust capital allocation plan, prioritizing the most effective deployment of capital to maximize shareholder value," said Eric Hansotia, AGCO's
DULUTH, Ga., July 1, 2025 /PRNewswire/ -- AGCO Corporation (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced it has entered into a set of agreements with Tractors and Farm Equipment Limited ("TAFE"). The agreements resolve all outstanding disputes and other matters related to the commercial relationship between AGCO and TAFE as well as TAFE's shareholding in AGCO, ownership and use of the Massey Ferguson brand in India and certain other countries, and other key governance issues between the parties.
The Board of Directors of Eastman Chemical Company (NYSE:EMN) has appointed Mr. Damon Audia as a director. Audia is Senior Vice President and Chief Financial Officer for AGCO Corporation (NYSE:AGCO), an $11.7 billion global leader in agricultural machinery and precision ag technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250627714554/en/Damon Audia "We are thrilled to welcome Damon to our Board of Directors. His extensive experience in finance and his strategic acumen will be invaluable as Eastman continues to pursue its vision of innovation and growth," said Mark Costa, Board Chair and CEO. "Damon's leadership and dee
Fast Company award is a first for an AGCO brand, as PTx Trimble releases retrofit platform that will eventually provide autonomous capabilities across farming operations. DULUTH, Ga., June 11, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced that its PTx Trimble™ brand has received Fast Company's World Changing Ideas Award for its innovative OutRun™ autonomous grain cart solution. The award honors products, concepts, companies and policies that are designed to make the world safer, cleaner and more sustainable. OutRun's retrofit autonomous capability offers farmers an effective
DULUTH, Ga., May 12, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the JP Morgan 53rd Annual Technology, Media & Communications Conference on Wednesday, May 14, 2025. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, and Andrew Sunderman, Vice President, PTx Product Creation & Delivery, at 10:40 a.m. Eastern Time. Investors may listen to a live webcast of the presentation by accessing the "Events" section of the company's Investor Relations website at https://investors.agcocorp.co
Citigroup downgraded AGCO Corp from Buy to Neutral and set a new price target of $110.00
Morgan Stanley downgraded AGCO Corp from Equal-Weight to Underweight and set a new price target of $75.00
Citigroup upgraded AGCO Corp from Neutral to Buy
Robert W. Baird downgraded AGCO Corp from Outperform to Neutral and set a new price target of $100.00 from $116.00 previously
Morgan Stanley initiated coverage of AGCO Corp with a rating of Equal-Weight and set a new price target of $101.00
BMO Capital Markets initiated coverage of AGCO Corp with a rating of Market Perform and set a new price target of $96.00
Raymond James initiated coverage of AGCO Corp with a rating of Mkt Perform
Citigroup initiated coverage of AGCO Corp with a rating of Neutral and set a new price target of $108.00
Truist initiated coverage of AGCO Corp with a rating of Buy and set a new price target of $142.00
Goldman downgraded AGCO Corp from Buy to Neutral and set a new price target of $135.00 from $149.00 previously
Net sales of $2.6 billion, down 18.8% year-over-yearReported earnings per share of $4.22 and adjusted earnings per share(1) of $1.35Strong year-to-date free cash flow generationFull-year net sales and adjusted earnings per share outlook raisedDULUTH, Ga., July 31, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.6 billion for the second quarter ended June 30, 2025, a decrease of 18.8% compared to the second quarter of 2024. The second quarter of 2024 included other revenue of $290.5 million which represents revenue from the Company's divestiture of the majority of
DULUTH, Ga., July 10, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on September 15, 2025, to all stockholders of record as of the close of business August 15, 2025. About AGCO: AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers thr
DULUTH, Ga., July 10, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its second-quarter 2025 earnings release conference call is scheduled for Thursday, July 31, at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at www.agcocorp.com under the "Investors" Section. The webcast will also be archived for 12 months immediately afterward. About AGCO:A
Net sales of $2.1 billion, down 30.0% year-over-yearReported earnings per share of $0.14 and adjusted earnings per share(1) of $0.41Full-year guidance affirmedDULUTH, Ga., May 1, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.1 billion for the first quarter ended March 31, 2025, a decrease of 30.0% compared to the first quarter of 2024. Reported net income was $0.14 per share for the quarter and adjusted net income(1) was $0.41 per share. These results compare to reported net income of $2.25 per share and adjusted net income(1) of $2.32 per share for the first q
DULUTH, Ga., April 24, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on June 16, 2025, to all stockholders of record as of the close of business May 15, 2025. About AGCOAGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through
DULUTH, Ga., April 14, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its first-quarter 2025 earnings release conference call is scheduled for Thursday, May 1, at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at www.agcocorp.com under the "Investors" Section. The webcast will also be archived for 12 months immediately afterward. About AGCO A
DULUTH, Ga., Jan. 16, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on March 14, 2025, to all stockholders of record as of the close of business February 14, 2025. About AGCOAGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers th
DULUTH, Ga., Jan. 10, 2025 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its fourth-quarter 2024 earnings release conference call is scheduled for Thursday, February 6 at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at www.agcocorp.com under the "Investors" section. The webcast will also be archived for 12 months immediately afterward. About AGCO
Net sales of $2.6 billion, down 24.8% year-over-yearReported earnings per share of $0.40 and adjusted earnings per share(1) of $0.68Reaffirms full-year adjusted operating margin target of 9%Revised 2024 sales and earnings per share outlook reflects the Grain and Protein divestitureDULUTH, Ga., Nov. 5, 2024 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.6 billion for the third quarter ended September 30, 2024, a decrease of 24.8% compared to the third quarter of 2023. Reported net income was $0.40 per share for the third quarter of 2024 and adjusted net income(1) was
DULUTH, Ga., Oct. 24, 2024 /PRNewswire/ -- AGCO (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on December 16, 2024, to all stockholders of record as of the close of business November 15, 2024. About AGCO AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers
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