FMC (NYSE:FMC) Shares Down 5.6%

FMC Co. (NYSE:FMC)’s stock price traded down 5.6% during trading on Friday . The company traded as low as $57.93 and last traded at $58.11. 601,697 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 2,001,823 shares. The stock had previously closed at $61.54.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of FMC in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. KeyCorp raised their target price on shares of FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Loop Capital raised 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. Roth Mkm started coverage on shares of FMC in a report on Thursday, January 4th. They issued a “buy” rating and a $74.00 target price for the company. Finally, Mizuho lowered their target price on shares of FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus price target of $71.75.

FMC Stock Performance

The business’s 50-day moving average price is $58.61 and its 200-day moving average price is $58.54. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a market cap of $7.08 billion, a PE ratio of 5.39, a P/E/G ratio of 1.98 and a beta of 0.87.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $2.37 EPS. As a group, equities research analysts expect that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Wednesday, March 27th. FMC’s payout ratio is currently 22.03%.

Insiders Place Their Bets

In related news, CFO Andrew D. Sandifer bought 2,150 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average price of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is owned by insiders.

Institutional Trading of FMC

Several large investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new stake in FMC during the 1st quarter worth approximately $27,000. Ballentine Partners LLC grew its position in FMC by 52.5% during the 1st quarter. Ballentine Partners LLC now owns 9,135 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 3,146 shares during the last quarter. Rockland Trust Co. grew its position in FMC by 105.5% during the 1st quarter. Rockland Trust Co. now owns 10,391 shares of the basic materials company’s stock worth $662,000 after purchasing an additional 5,334 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in FMC by 27.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 188 shares during the period. Finally, CWM LLC lifted its stake in FMC by 5.9% during the 1st quarter. CWM LLC now owns 9,424 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 525 shares during the period. Hedge funds and other institutional investors 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.