Welcome to our dedicated page for AGCO Corporation news (Ticker: $AGCO), a resource for investors and traders seeking the latest updates and insights on AGCO Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AGCO Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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AGCO Corporation (NYSE: AGCO) will display its full lines of tractors and hay solutions at the 2024 World Ag Expo in Tulare, California. The exhibit will feature the North American debut of the Massey Ferguson® 3 Series Specialty tractors and the Fendt® 200 Vario Series, both of which are 2024 AE50 Award winners. The company aims to provide farmer-focused solutions that are ideally suited for operations of all types and sizes across the U.S.
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End-of-Day
-3.5%
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AGCO, a global leader in agricultural machinery and precision ag technology, reported a full year net sales of $14.4 billion, with a reported operating margin of 11.8% and adjusted operating margin of 12.0%. The company introduced an outlook for 2024 with an expected full year net sales of ~$13.6 billion and earnings per share of ~$13.15. Despite a decrease of 2.5% in net sales for the fourth quarter of 2023, the full year net sales saw an increase of 13.9% compared to 2022. AGCO's Chairman, President, and CEO, Eric Hansotia, highlighted the company's record results in 2023 due to the execution of their Farmer-First strategy and healthy global industry demand. However, the company expects more challenging global market conditions in 2024 due to reduced commodity prices and lower farm income expectations.
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End-of-Day
1.04%
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AGCO (NYSE: AGCO) has announced the launch of FarmerCore, a global initiative to deliver a next-generation farmer and dealer experience. The program revolutionizes sales and service using tools that put dealers in closer proximity to farmers, integrating digital and physical elements to create a leading on-farm offering. The initiative is built on the on-farm mindset, smart network coverage, and digital engagement, and will be implemented in close partnership with AGCO’s global dealer network, launching globally this year.
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0.53%
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AGCO, a global leader in agricultural machinery and precision ag technology, has announced its fourth-quarter 2023 earnings release conference call scheduled for February 6. The company will refer to slides on the call and interested persons can access the conference call and slide presentation via AGCO’s website. The webcast will be archived for 12 months.
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Rhea-AI Sentiment
End-of-Day
1.57%
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AGCO, a global leader in agricultural machinery and precision ag technology, has declared a regular quarterly dividend of $0.29 per common share to be paid on March 15, 2024, to all stockholders of record as of the close of business February 15, 2024.
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End-of-Day
0.64%
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AGCO (NYSE: AGCO) appoints Viren Shah as Chief Digital & Information Officer, aiming to accelerate tech transformation and precision ag offerings
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0.32%
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AGCO Corporation (AGCO) named Lee Pemberton of Makin’ Trax Contractors in Hallock, Minnesota, the 2023 Operator of the Year at the Agricultural Retailers Association (ARA) Annual Conference & Expo. This award recognizes the skills, dedication, and customer service demonstrated by application professionals to their local communities. Lee Pemberton, with nearly 30 years of experience as a professional applicator, was recognized for his ability to care for his equipment, deep field knowledge, and community involvement. AGCO celebrates all applicator operators for the critical services they provide our farmers and food supply.
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Rhea-AI Sentiment
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3%
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AGCO Corporation (NYSE: AGCO) presents its annual Sowing Good Deeds™ award to the Gunnison Cattlemen’s Days Rodeo Committee, recognizing their charitable works. The committee receives a new Massey Ferguson 4700 Series tractor as part of the award. The Cattlemen’s Day Rodeo is heavily involved in Colorado’s agricultural community, raising over $5.1 million for the Tough Enough to Wear Pink initiative. Massey Ferguson continues to support American agriculture through the Sowing Good Deeds program.
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End-of-Day
-0.81%
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AGCO Corporation (NYSE: AGCO) wins six prestigious 2024 AE50 awards from the American Society of Agricultural and Biological Engineers (ASABE) for its innovative products, including Fendt®, Massey Ferguson®, and Precision Planting® solutions. The awards confirm AGCO's consistent excellence across its product lines, establishing the company as agriculture's leading innovator of farmer-focused solutions.
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Rhea-AI Sentiment
End-of-Day
0.73%
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AGCO (AGCO) Honored with Internationalization Award of the President of the Republic of Finland for Long-Term International Investment
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Rhea-AI Sentiment
End-of-Day
1.74%
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AGCO Corporation
NYSE:AGCO
AGCO Rankings
AGCO Stock Data
8.21B
61.92M
16.87%
82.01%
2.52%
Farm Machinery and Equipment Manufacturing
Manufacturing
United States of America
DULUTH
About AGCO
welcome to the world of agco. we are a global leader in the design, manufacture and distribution of agricultural solutions. we work tirelessly to help make today's farms more productive and more profitable. as the world of agriculture changes, so do we. brazenly. we do it for the farmers. for the people working for them. for ourselves. for the future. we are leading the way.