FMC Co. (NYSE:FMC) Receives Average Recommendation of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have received a consensus rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $65.69.

FMC has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, UBS Group reduced their price objective on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade 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 link. 0.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FMC. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FMC by 28.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,244 shares of the basic materials company’s stock worth $992,000 after purchasing an additional 3,822 shares during the last quarter. New York State Teachers Retirement System increased its stake in FMC by 0.5% in the 2nd quarter. New York State Teachers Retirement System now owns 123,292 shares of the basic materials company’s stock worth $7,095,000 after acquiring an additional 576 shares during the last quarter. Addison Capital Co raised its holdings in shares of FMC by 5.9% during the 2nd quarter. Addison Capital Co now owns 27,331 shares of the basic materials company’s stock worth $1,573,000 after acquiring an additional 1,527 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of FMC by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock valued at $49,385,000 after acquiring an additional 17,381 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of FMC by 9.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,240 shares of the basic materials company’s stock valued at $532,000 after purchasing an additional 773 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Down 0.8 %

FMC opened at $49.74 on Thursday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 4.28, a PEG ratio of 1.48 and a beta of 0.80. The firm has a 50 day moving average price of $58.69 and a 200-day moving average price of $59.85. FMC has a twelve month low of $47.73 and a twelve month high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last announced its 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. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts forecast that FMC will post 3.35 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 19.97%.

About FMC

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.