AGCO (AGCO)
Manufactures tractors, combines and precision-ag technology under the Fendt, Massey Ferguson and Valtra brands.
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Sells tractors, combines, hay and forage equipment and precision-agriculture technology through four brands: Fendt, Massey Ferguson, PTx and Valtra, each keeping its own dealer network. Manufacturing concentrates in Europe, with additional operations across North America, South America and Asia-Pacific-Africa, and equipment demand moves with farm income and commodity prices.
Designs and manufactures tractors, combines, hay and forage equipment, and precision-agriculture technology under four core brands: Fendt, Massey Ferguson, PTx and Valtra, each keeping its own dealer network and market identity.
Traces to a 1990 management buyout of Klockner-Humboldt-Deutz's Deutz-Allis operation, itself descended from Allis-Chalmers, and grew for three decades by acquiring orphaned Western tractor and combine makers, including Massey Ferguson, Fendt and Valtra.
Manufacturing concentrates in Europe, home to the Fendt and Massey Ferguson production base, with North America, South America and Asia-Pacific-Africa completing four geographic segments. Since 2021 the business has moved toward precision agriculture, forming a majority-owned joint venture with Trimble and exiting its lower-margin grain-storage business in 2024.
Equipment purchases move with farm income, commodity prices and weather; cross-border machinery carries tariff exposure, and financing the Trimble venture added debt to the balance sheet.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Robert W. Baird | Target | Target: $128 | Target: $150 |
| Aug 31, 2026 | Baird | Upgrade | ||
| Aug 4, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $108 | Target: $99 |
| Jul 31, 2026 | Bernstein | Reiterate | Rating: —Target: — | Target: $108 |
| Jul 31, 2026 | D.A. Davidson | Target | Target: $160 | Target: $151 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $573.4M · Total debt $111.9M · Total assets $11.88B · Shareholders' equity $4.08B
- Revenue
- $2.61B
- Operating income
- $151.9M
- Net income
- $77.2M
HistoryDividendAnnual yield
| Institutions | ≈ 94.72% | 66.33M shares | |
|---|---|---|---|
| 529 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.93% | 653.6K shares | |
| 20 holders · as of Sep 16, 2026 | |||
| Strategic holders | 16.04% | 11.24M shares | |
| 1 holder · as of Aug 7, 2026 | |||
| Adds to | 111.69% | ||
70.03M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 111.69%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Tractors & Farm Equipment LtdStrategic10 percent owner | 16.04% | 11.24M | filed Aug 7, 2026 |
BlackRock, Inc.Institution | 8.37% | 5.86M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 7.89% | 5.52M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.15% | 3.60M | as of Jun 30, 2026 |
Massachusetts Financial Services Co /MA/Institution | 4.28% | 3.00M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Ivory Marie Harris | officer: SVP Chief HR Officer | −1,600 | $125.30 |
| Sep 4, 2026 | Eric P. Hansotia | director, officer: Chairman, President and CEO | −2,604 | $129.75 |
| Sep 4, 2026 | Kelvin Eugene Bennett | officer: SVP Engineering | −1,000 | $132.89 |
| Aug 14, 2026 | Bob de Lange | director | +1,000 | $100.71 |
| Aug 6, 2026 | Kelvin Eugene Bennett | officer: SVP Engineering | −2,000 | $102.27 |
- Deere & Company
Named principal rival; roughly four times larger across full-line ag equipment
- CNH Industrial
Closest structural peer; parallel divestiture and precision-ag M&A playbook
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AGCO | $123.21 | +2.12% | $8.45B | 16.7 | 19.0 | 0.8 | −1.0% |
| Deere & Company | $712.22 | +1.29% | $189.80B | 39.1 | 33.9 | 4.0 | +7.0% |
| CNH Industrial | $13.85 | +1.32% | $16.95B | 55.0 | 25.0 | 0.9 | +2.0% |
| Median | 47.0 | 29.5 | 2.5 | +4.5% |