FMC Co. (NYSE:FMC) Receives $67.08 Average PT from Analysts

FMC Co. (NYSE:FMC) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $65.69.

A number of brokerages have recently weighed in on FMC. Citigroup reduced their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho lifted their target price on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group cut their price objective on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday.

FMC Trading Up 4.8 %

NYSE:FMC opened at $50.15 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC has a 1-year low of $47.73 and a 1-year high of $68.72. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 4.32, a PEG ratio of 1.48 and a beta of 0.80. The business’s 50-day moving average price is $58.69 and its two-hundred day moving average price is $59.82.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company posted $0.44 EPS. FMC’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts expect that FMC will post 3.35 earnings per share for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.63%. FMC’s dividend payout ratio is currently 19.97%.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FMC. State Street Corp grew its stake in shares of FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after buying an additional 1,343,615 shares in the last quarter. AQR Capital Management LLC raised its position in FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in FMC in the second quarter valued at $33,191,000. Ilex Capital Partners UK LLP grew its position in shares of FMC by 2,129.4% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after acquiring an additional 420,601 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of FMC by 116.8% during the 2nd quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company’s stock worth $31,946,000 after purchasing an additional 299,097 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.