FMC Co. (NYSE:FMC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of FMC Co. (NYSE:FMCGet Rating) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $137.70.

FMC has been the topic of several analyst reports. StockNews.com raised FMC from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. KeyCorp increased their price target on FMC from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 12th. Mizuho increased their price target on FMC from $145.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, January 12th. Wells Fargo & Company increased their price target on FMC from $141.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, January 9th. Finally, UBS Group increased their price target on FMC from $142.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, January 11th.

FMC Stock Performance

Shares of FMC opened at $126.62 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $127.11 and its 200-day moving average price is $116.42. FMC has a 52 week low of $98.24 and a 52 week high of $140.99. The stock has a market cap of $15.95 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.56 and a beta of 0.84.

FMC (NYSE:FMCGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. FMC had a return on equity of 29.34% and a net margin of 11.72%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Equities research analysts anticipate that FMC will post 7.38 earnings per share for the current fiscal year.

FMC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 19th. Investors of record on Friday, December 30th will be issued a $0.58 dividend. This is an increase from FMC’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.83%. FMC’s dividend payout ratio (DPR) is presently 44.87%.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 4,502 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total value of $571,528.90. Following the completion of the transaction, the executive vice president now owns 18,354 shares of the company’s stock, valued at approximately $2,330,040.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FMC news, EVP Michael Finian Reilly sold 4,502 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total value of $571,528.90. Following the completion of the sale, the executive vice president now owns 18,354 shares of the company’s stock, valued at $2,330,040.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Pfeiffer sold 500 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $132.56, for a total transaction of $66,280.00. Following the completion of the sale, the insider now directly owns 11,222 shares of the company’s stock, valued at approximately $1,487,588.32. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

Institutional Trading of FMC

Institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System purchased a new position in shares of FMC during the fourth quarter worth approximately $1,236,000. BlackDiamond Wealth Management Inc. increased its position in shares of FMC by 4.2% during the fourth quarter. BlackDiamond Wealth Management Inc. now owns 4,111 shares of the basic materials company’s stock worth $529,000 after acquiring an additional 165 shares during the period. Czech National Bank increased its position in shares of FMC by 0.7% during the fourth quarter. Czech National Bank now owns 14,744 shares of the basic materials company’s stock worth $1,840,000 after acquiring an additional 106 shares during the period. Key Client Fiduciary Advisors LLC purchased a new position in shares of FMC during the fourth quarter worth approximately $202,000. Finally, Ronald Blue Trust Inc. increased its position in shares of FMC by 8.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,069 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 85 shares during the period. Institutional investors own 88.28% of the company’s stock.

About FMC

(Get Rating)

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 include 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.

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Analyst Recommendations for FMC (NYSE:FMC)

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