FMC (NYSE:FMC) Shares Up 3.8%

FMC Co. (NYSE:FMC) shares traded up 3.8% on Friday . The stock traded as high as $57.49 and last traded at $56.46. 890,847 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,012,112 shares. The stock had previously closed at $54.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital upped their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Mizuho upped their target price on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. KeyCorp upped their target price on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada upped their target price on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.56.

FMC Stock Up 3.7 %

The company has a market cap of $7.04 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.13 and a beta of 0.88. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $59.86 and its 200-day moving average price is $59.24.

FMC (NYSE:FMC) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. As a group, equities research analysts expect that FMC Co. will post 3.6 EPS for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.11%. FMC’s dividend payout ratio is 25.89%.

Institutional Trading of FMC

Hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of FMC in the 1st quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in FMC during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in FMC during the 4th quarter worth approximately $31,000. Benjamin F. Edwards & Company Inc. raised its holdings in FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after buying an additional 303 shares during the period. Finally, LRI Investments LLC acquired a new stake in FMC during the 1st quarter worth approximately $39,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.