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AGCO Corporation Common Stock (AGCO)

109.70
-0.85 (-0.77%)
NYSE · Last Trade: Jul 4th, 9:08 AM EDT
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Drone as a Service (DaaS) Market is Booming Expected to Reach $179 Billion By 2030
EQNX::TICKER_START (NASDAQ:ZENA),(NYSE:DE),(NASDAQ:EH),(NYSE:AGCO),(NYSE:UAVS) EQNX::TICKER_END
Via FinancialNewsMedia · July 2, 2025
TAFE and AGCO Reach Comprehensive Settlement Covering Brand Rights, Commercials and Shareholding
Tractors and Farm Equipment Limited (“TAFE”), one of the world’s largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO Corporation (NYSE: AGCO) (“AGCO”) on all matters relating to brand, commercial issues and shareholding.
AGCO ALERT: Bragar Eagel & Squire, P.C. is Investigating AGCO Corporation and Encourages Investors to Contact the Firm
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against AGCO Corporation (NYSE:AGCO) on behalf of stockholders. Our investigation concerns whether the board of directors of AGCO have breached their fiduciary duties to the company.
By Bragar Eagel & Squire · Via GlobeNewswire · May 12, 2025
Drone as a Service (DaaS) Market is Booming Expected to Reach $179 Billion By 2030
PALM BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The integration of the Internet of Things (IoT) in agriculture will increasingly involve a sophisticated interplay of robots, drones, remote sensors, and computer imaging. A report from MarketsAndMarkets said: “The overall drones as a service market will reach $179.3 billion by 2030. Surveillance and monitoring will be the largest revenue opportunity through 2030 High potential industry verticals include construction, insurance, aerospace and real estate Surveillance and mapping remain largest opportunities with maintenance and inspection rapidly gaining ground as high ROI solutions and Developing countries are fastest growing for many solutions due largely to substantial cost avoidance for expensive professional services.” It continued: “The fundamental principle underpinning cloud computing is the decentralization of computational resources. It posits that the physical infrastructure required for processing data and running applications no longer necessitates a local presence within a customer's own facilities. Furthermore, the precise geographical location of these computing resources becomes largely immaterial to the end-user. Imagine, if you will, computational power existing almost ubiquitously, like a utility that can be tapped into whenever and wherever the need arises. This abstract notion of computing residing "in the ether" highlights the on-demand and location-independent nature of the cloud.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Deere & Company (NYSE: DE), EHang Holdings Limited (NASDAQ: EH), AGCO Corporation (NYSE: AGCO), AgEagle Aerial Systems Inc. (NYSE: UAVS).
By FN Media Group LLC · Via GlobeNewswire · July 2, 2025
TAFE Comments on AGCO’s Disappointing Results and Botched PTx Trimble Integration
Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company, today issued the following statement regarding AGCO’s recently reported fourth quarter and 2024 full year results. TAFE also disclosed that it has withdrawn its 14a-8 shareholder proposal from the agenda for the 2025 Annual Meeting of Shareholders (the “Annual Meeting”) following AGCO’s ill-conceived efforts to exclude the proposal, reaffirming TAFE’s belief that more substantial action must be taken to enhance the Company’s governance and turn around its struggling operational performance.
By Tractors and Farm Equipment Limited · Via Business Wire · February 11, 2025
TAFE Urges AGCO to Address Critical Questions Regarding its Strategic Priorities During 2024 Analyst Day
Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”) is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company.
By Tractors and Farm Equipment Limited · Via Business Wire · December 19, 2024
TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO’s 2025 Annual Meeting
Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company’s proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring that AGCO’s Chair of the Board of Directors (the “Board”) be an independent director.
By Tractors and Farm Equipment Limited · Via Business Wire · November 25, 2024
TAFE Asserts Rightful Ownership of Massey Ferguson Brand in India and Files Contempt of Court Petition Against AGCO
Tractors and Farm Equipment Limited (“TAFE” or “we”) today announced that it has filed a contempt petition against AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) for violating an interim status quo order from the Commercial Court in Chennai by attempting to terminate TAFE’s right to use the Massey Ferguson brand in India. TAFE’s case regarding its ownership of the Massey Ferguson brand is ongoing in the Madras High Court.
TAFE Issues Letter to AGCO Shareholders Outlining Opportunities for Improved Corporate Governance and Enhanced Value Creation
Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE issued the following open letter to its fellow shareholders.
By Tractors and Farm Equipment Limited · Via Business Wire · September 30, 2024
Kaskela Law LLC Announces Stockholder Investigation of AGCO Corp. (NYSE: AGCO) and Encourages Investors to Contact the Firm
Kaskela Law LLC announces that it is investigating AGCO Corporation (NYSE: AGCO) on behalf of the company’s shareholders.
By Kaskela Law LLC · Via Business Wire · September 17, 2024
Massey Ferguson 9S Series Tractor Brings Efficiency and Dependability to Your Farm
MF 9S Series Helps Farmers Who Demand More Achieve a Better Overall Cost of Ownership
By AGCO Corporation · Via GlobeNewswire · August 26, 2024
Gleaner Launches Best Value and Quality Machine With the Gleaner T Series Combine
Gleaner T Series Delivers Lightweight Performance, Superior Control and Premium Grain Quality
By AGCO Corporation · Via GlobeNewswire · August 22, 2024
AGCO’s Fendt®, Massey Ferguson®, Precision Planting® & GSI® Offer Expansive, Farmer-Focused Exhibit at 2024 Commodity Classic
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will be among the headliners at the 2024 Commodity Classic, with an expansive exhibit featuring Farmer-Focused solutions and services from across its North American brands, including Fendt®, Massey Ferguson®, Precision Planting® and GSI®. With over 38,000 square feet of exhibit space, AGCO’s display will provide hands-on opportunities for farmers to experience many of its most innovative and award-winning equipment. Commodity Classic will be held February 28 - March 2 in Houston, Texas.
By AGCO · Via Business Wire · February 21, 2024
AGCO to Present at the 2024 Barclays Industrial Select Conference
AGCO, Your Agriculture Company (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 2024 Barclays Industrial Select Conference on Thursday, February 22, 2024. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 1:50 p.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.com/events-and-presentations/upcoming-events. The webcast will also be archived immediately afterwards for 12 months.
By AGCO · Via Business Wire · February 20, 2024
Massey Ferguson® Launches the MF 3 Series Specialty Tractor, a High-Value-Per-Dollar Tractor Solution for Vineyards and Orchards
The Massey Ferguson 3 Series Specialty tractor provides power and comfort with a smaller carbon footprint.
By AGCO Corporation · Via GlobeNewswire · February 13, 2024
Massey Ferguson® Launches the MF 3 Series Specialty Tractor, a High-Value-Per-Dollar Tractor Solution for Vineyards and Orchards
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, introduced today the Massey Ferguson® 3 Series Specialty tractor to the North American market. Designed to meet the unique challenges of vineyards and orchards, the MF 3 Series brings straightforward dependability to a new market with seven models ranging from 75-115 HP. The newly designed series provides a compact yet powerful solution for challenging applications with a focus on efficiency, comfort and a reduced carbon footprint. The MF 3 Series tractor line will launch at World Ag Expo, February 13-15, 2024, in Tulare, California.
By AGCO Corporation · Via Business Wire · February 13, 2024
AGCO’s Display at 2024 National Farm Machinery Show to Highlight New and Award-Winning Solutions
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, will exhibit a wide array of farmer-focused precision ag solutions at the National Farm Equipment Show on February 14-17 in Louisville, Kentucky. The display will be highlighted by the Louisville debut of two new AE50 Award winners, the Fendt® 200 Vario® Series tractor and the Massey Ferguson® R Series sprayer, as well as the new 30-foot Fendt Momentum® planter. AGCO will be co-exhibiting with its AgRevolution™ dealership in booth 7801 in Hall B.
By AGCO Corporation · Via Business Wire · February 8, 2024
AGCO to Exhibit New and Award-Winning Equipment at 2024 World Ag Expo
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, will host an expansive exhibit at the 2024 World Ag Expo in Tulare, California, on February 13-15. Headlining AGCO’s exhibit will be the North American debut of the Massey Ferguson® 3 Series Specialty tractors and a full lineup of Fendt® tractors sporting the brand’s cutting-edge technology and design.
By AGCO · Via Business Wire · February 7, 2024
AGCO Reports Fourth Quarter and Full Year Results
AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $3.8 billion for the fourth quarter of 2023, a decrease of 2.5% compared to the fourth quarter of 2022. Reported net income was $4.53 per share for the fourth quarter of 2023, and adjusted net income(3) was $3.78 per share. These results compare to reported net income of $4.29 per share and adjusted net income(3) of $4.47 per share, for the fourth quarter of 2022. Excluding favorable currency translation impacts of 1.8%, net sales in the fourth quarter of 2023 decreased 4.3% compared to the fourth quarter of 2022.
By AGCO · Via Business Wire · February 6, 2024
AGCO Launches FarmerCore to Bring the Dealer Experience Directly to the Farm
AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of FarmerCore, a transformative global initiative to deliver a next-generation farmer and dealer experience. The launch of the new end-to-end distribution model is a significant milestone in advancing AGCO’s Farmer-First strategy and solidifying its commitment to helping farmers across the globe become more profitable, productive and sustainable.
By AGCO · Via Business Wire · January 30, 2024
AGCO Announces Fourth-Quarter 2023 Earnings Release and Conference Call
AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its fourth-quarter 2023 earnings release conference call is scheduled for Tuesday, 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.
By AGCO · Via Business Wire · January 19, 2024
AGCO Announces Quarterly Dividend
AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced that its Board of Directors 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.
By AGCO · Via Business Wire · January 18, 2024
AGCO Names Viren Shah as Chief Digital & Information Officer
AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced the addition of a Chief Digital & Information Officer (CDIO) to its senior leadership team, reporting directly to Chief Executive Officer Eric Hansotia. Viren Shah will become an AGCO Senior Vice President and CDIO effective January 16, 2024. He will lead the development, design and implementation of the company’s digital vision and strategy, including IT, and data analytics.
By AGCO · Via Business Wire · January 4, 2024
AGCO Names Lee Pemberton 2023 Operator of the Year
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, 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 in Orlando, Florida, on November 29, 2023. The annual award from AGCO’s Application team recognizes the skills, dedication, and customer service demonstrated by application professionals to their local communities.
By AGCO Corporation · Via Business Wire · December 13, 2023
AGCO’s Massey Ferguson® Names Gunnison Cattlemen’s Days Rodeo 2023 Sowing Good Deeds™ Winner
AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, continues to celebrate the generous support of rodeo committees across the United States to their local ag communities. AGCO’s Massey Ferguson® brand presents its annual Sowing Good Deeds™ award to rodeo organizations that have gone above and beyond in their charitable works. Matt LeCroy, director, marketing hay and forage for Massey Ferguson North America, presented this year’s award to representatives of Gunnison Cattlemen’s Days Rodeo during the Professional Rodeo Cowboys Association (PRCA) 2023 Awards Banquet in Las Vegas, Nevada. The Gunnison Cattlemen’s Days Rodeo Committee receives a new Massey Ferguson 4700 Series tractor as part of the award.
By AGCO Corporation · Via Business Wire · December 7, 2023