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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
AGCO Corporation
Formerly called
Gleaner-Allis Corporation, Allis-Gleaner Corporation
Type
Public
Traded as NYSE: AGCO
S&P 400 Component
Industry Manufacturer
Predecessor Allis-Chalmers 1909–1985, Deutz-Allis 1985–1990
Founded 1990
Headquarters Duluth, Georgia
United States
Area served
Worldwide
Key people
Martin H. Richenhagen
(President & CEO)
Products Agricultural equipment
Tractors
Combines
Self-propelled sprayers
Hay tools
Forage equipment
Seeding & Tillage equipment
Diesel engines
List of brands
Services Parts, Service, Finance
Revenue IncreaseUS$ 10.786 billion (2013)
Operating income
IncreaseUS$ 610.3 million (2011)
Net income
IncreaseUS$ 585.3 million (2011)
Total assets IncreaseUS$ 7.2572 billion (2011)
Total equity IncreaseUS$ 3.0312 billion (2011)
Number of employees
17,366 (2011)
Website www.agcocorp.com

AGCO Corporation is an American agricultural equipment manufacturer based in Duluth, Georgia, United States.

AGCO was established in 1990 when executives at Deutz-Allis bought out Deutz-Allis North American operations from the parent corporation KHD (Klöckner-Humboldt-Deutz), a German company that owned the Deutz-Fahr brand of agriculture equipment. KHD had purchased portions of the Allis-Chalmers agricultural equipment business five years earlier.

The company was first called Gleaner-Allis Corporation, then rearranged to be Allis-Gleaner Corporation, or AGCO. The Deutz-Allis line of tractors were renamed AGCO-Allis, and Gleaner became a brand of its own for combines. The Deutz-Allis brand continued in South America until 2001, when they were renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in North America.

In March 1991, AGCO purchased the Hesston Corporation gaining hay and forage equipment as well as technologies such as the grain auger (used to unload grain quickly from combines), invented in 1947 by Lyle Yost. Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO purchased the White Tractor line from the Allied Corporation's White-New Idea company. In 1993, AGCO purchased the remainder of White-New Idea, gaining New Idea hay equipment and manure spreaders, and White planters. White New Idea had a large manufacturing plant operating in Coldwater, Ohio, USA.

Also in 1993, AGCO purchased the North American distribution rights to Massey Ferguson, a worldwide agricultural equipment company. In 1994, they purchased McConnell Tractors, manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.

1995 saw the purchase of the AgEquipment Group, which manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands. In 1996, acquisitions went international with the purchase of Iochpe-Maxion in Brazil. This was the Brazilian company that had rights to the Massey Ferguson brand and manufacturing in the region, as well as the Maxion brand of industrial equipment. This was also the year that AGCO purchased Deutz Argentina, the number one leader of tractors in Argentina. Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada. Western Combine had previously purchased the assets of the Massey Combine Corporation's combine operation, which had been spun off by Massey-Ferguson.

1997 was the year of the major purchase of Fendt in Germany, the leading German tractor company. Fendt is well known for its advanced technology. AGCO also acquired Dronningborg Industries in Denmark, the manufacturer of European Massey-Ferguson combines, and former manufacturer of Dronningborg combines.

In 1998, AGCO made a joint venture with Deutz AG to produce engines in Argentina, and purchased the Spra-Coupe and Willmar companies. Spra-Coupe and Willmar are leading sprayer companies in North America. SpraCoupe originated in Bismarck, ND. Upon purchase by AGCO, the manufacturing of SpraCoupes was moved to Willmar, Minnesota where the Willmar branded fertilizer tenders and "Wrangler" articulated loaders were being manufactured. SpraCoupe and Willmar products were manufactured in Willmar from 1998 to 2001.

For the year 2000, AGCO bought out its partner CNH Global N.V. in the Hay and Forage Industries joint venture.

In 2001, AGCO purchased Ag-Chem Equipment, expanding its application equipment business. Ag-Chem Equipment was based in Jackson, Minnesota and developed the TerraGator flotation-type and RoGator rowcrop-type applicators. Also that year, the SpraCoupe and Willmar brands moved their manufacturing from Willmar, MN to the Jackson, Minnesota facility and the Agco-Allis and White tractor lines were merged in North America under the AGCO brand, continuing in the orange color.

2002 was the year that AGCO purchased rights to the Challenger name and the tracked tractors from the Caterpillar Corporation, giving AGCO a well-known brand name and high-power tracked tractors. AGCO further developed the Challenger line into: wheeled tractors, using tractors manufactured by Iseki, Agritalia, the Massey Ferguson factory and the Brazilian Valtra factory; combines, rebranding some Massey Ferguson/Gleaner -built combines; and hay equipment, using Hesston-built hay equipment. AGCO also purchased the Sunflower Manufacturing Company in Beloit, Kansas, which manufactures tillage, seeding and specialty harvesting equipment.

2004 brought about the purchase of the Valtra tractor company from the Kone Group, in Finland. Valtra has some licensing agreements with the Eicher company in India for tractor production, and also with the HEMA group in Turkey. The purchase of Valtra also included SISU POWER engines.

2006 saw a re-focusing of the various brands, and the reduction of individual brands. AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding. Examples include the Massey Ferguson 9635 Hesston self-propelled swather, and the AGCO 9365 Hesston self-propelled swather. Challenger has seen further expansion with the further consolidation of the AgChem brand into Challenger, and the introduction of Agritalia built tractors and an articulated Challenger tractor.

In 2007, AGCO bought 50% of Laverda S.p.A from ARGO SpA, which included the Gallagnani and Fella-Werke hay equipment brands.

In 2008/2009 AGCO, the Challenger, Valtra, and Massey Ferguson large row crop tractors were launched in Europe and North America respectively with AGCO's e3 Selective Catalytic Reduction (SCR) emission reduction technology.

Late in 2009, AGCO announced that it would phase out the orange AGCO Tractors by 2011.

In late 2010, AGCO announced the plan to acquire the remaining 50% of Laverda, which included Fella-Werke as well. The acquisition was finalized in March 2011.

In 2011, AGCO plans to transfer its high-horsepower wheeled-tractor assembly of tractors sold in North America from Beauvais, France to Jackson, Minnesota, where it will expand the plant by 75,000 square feet (7,000 m).

In 2011, AGCO said that it will invest $40 million in its Hesston plant by building a new 200,000-square-foot (19,000 m) painting and finishing building. Construction began June 2011 and was completed in 2013.

In October 2011, AGCO purchased GSI. It was based in Assumption, Illinois and manufactures grain storage and handling equipment as the GSI Group.

In 2012. AGCO acquired 60% of Santal Equipamentos, a sugar cane planting and harvesting equipment. AGCO purchased 80% of Shandong Dafeng Machinery Co, a combine harvester manufacturer in China. AGCO formed the Algerian Tractors Company joint venture with the Algerian brand Etrag with 49% ownership.

In 2013, AGCO’s GSI acquired Johnson System, a manufacturer of catwalks and towers.

In 2017, AGCO acquired Precision Planting, LLC, a planting equipment and technology business.

Investment goal date:
Dividends reinvested
AGCO Corporation AGCO report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-27
--
--
Q4 2017
2018-02-07
--
--
Q4 2017
2018-02-05
--
--
Q3 2017
2017-10-31
0.7900
0.7600
Q2 2017
2017-07-27
1.1500
1.1400
Q1 2017
2017-04-28
-0.0200
-0.1300
Q4 2016
2017-02-07
0.8400
0.7700
Q3 2016
2016-10-26
0.5100
0.5000
Q2 2016
2016-08-04
1.0200
0.6100
Q1 2016
2016-04-27
0.1100
0.0900
Q4 2015
2016-02-02
0.8000
0.7300
Q3 2015
2015-10-28
0.7700
0.7700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
AGF INVESTMENTS INC.
1347063
Allianz Asset Management AG
1265785
BlackRock Fund Advisors
2893071
BlackRock Inc.
6529374
BlackRock Institutional Trust Company, N.A.
2250308
Blue Harbour Group, LP
3813700
DIMENSIONAL FUND ADVISORS LP
2791183
Fairpointe Capital LLC
1560247
FMR LLC
1299495
LSV ASSET MANAGEMENT
2769265
SOUTHERNSUN ASSET MANAGEMENT, LLC
2468127
STATE STREET CORP
3307356
TIAA CREF INVESTMENT MANAGEMENT LLC
1185584
Vanguard Group, Inc
5646479
VICTORY CAPITAL MANAGEMENT INC
1733408
Major Shareholders
Name Relationship
Total Shares
Holding stocks
SHAHEEN GERALD L
0.0100% (10396)
AGCO / F /
BENSON P GEORGE
0.0200% (14129)
AGCO / PRI /
BECK ANDREW H
0.1500% (142079)
AGCO /
DEML WOLFGANG
0.0200% (21249)
AGCO /
JOHANNESON GERALD B
0.0100% (8796)
AGCO /
ARMES ROY V
0.0100% (7686)
AGCO / CTB / MTW /
VISSER HENDRIKUS
0.0200% (21390)
AGCO /
ARNOLD MICHAEL C
0.0100% (8668)
AGCO /
CAPLAN DAVID L
0.0100% (8683)
AGCO /
COLLAR GARY L
0.0800% (76329)
AGCO / HI /
RICHENHAGEN MARTIN
0.5700% (539118)
AGCO / PPG / PX /
Crain Robert B
0.0700% (69093)
AGCO /
Carioba Andre Mueller
0.0900% (80048)
AGCO /
Veltmaat Hans Bernd
0.0700% (68552)
AGCO /
Smith Lucinda B
0.0400% (38877)
AGCO /
Furlan Luiz Fernando
0.0100% (10364)
AGCO /
SRINIVASAN MALLIKA
0.0100% (13153)
AGCO /
Endres Helmut
0.0300% (25938)
AGCO /
Welke Thomas Frederick
0.0200% (18383)
AGCO /
Hansotia Eric P
0.0200% (21070)
AGCO /
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