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

Shares of FMC Co. (NYSE:FMC) have been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $71.88.

FMC has been the subject of a number of analyst reports. Wolfe Research initiated coverage on FMC in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Bank of America cut shares of FMC from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. Royal Bank of Canada decreased their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. BMO Capital Markets dropped their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Finally, BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research note on Wednesday, February 7th.

Insider Transactions at FMC

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of FMC in the first quarter worth $71,000. WealthPLAN Partners LLC grew its position in FMC by 111.9% during the 1st quarter. WealthPLAN Partners LLC now owns 25,247 shares of the basic materials company’s stock valued at $1,608,000 after purchasing an additional 13,330 shares during the last quarter. New South Capital Management Inc. increased its stake in FMC by 10.1% during the 1st quarter. New South Capital Management Inc. now owns 507,562 shares of the basic materials company’s stock valued at $32,332,000 after purchasing an additional 46,616 shares in the last quarter. Cove Street Capital LLC grew its holdings in shares of FMC by 16.1% during the first quarter. Cove Street Capital LLC now owns 35,478 shares of the basic materials company’s stock valued at $2,260,000 after buying an additional 4,921 shares during the last quarter. Finally, Forsta AP Fonden bought a new stake in shares of FMC during the first quarter valued at approximately $5,567,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Trading Up 9.5 %

Shares of FMC stock opened at $66.78 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8.34 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. The business has a 50-day moving average price of $60.43 and a two-hundred day moving average price of $57.79. FMC has a 12-month low of $49.49 and a 12-month high of $114.66.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 29.45% and a return on equity of 12.98%. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s quarterly revenue was down 31.7% on a year-over-year basis. Equities analysts anticipate that FMC will post 3.88 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, June 28th. FMC’s dividend payout ratio is currently 22.03%.

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.