FMC (NYSE:FMC) Price Target Lowered to $49.00 at KeyCorp

FMC (NYSE:FMC) had its price target decreased by KeyCorp from $51.00 to $49.00 in a research note issued to investors on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. Citigroup upped their target price on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group cut FMC from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Mizuho reduced their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group initiated coverage on FMC in a report on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

FMC Trading Up 1.8 %

NYSE FMC opened at $37.75 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.72 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.90 and a beta of 0.83. FMC has a 52-week low of $32.83 and a 52-week high of $68.72. The firm has a 50-day moving average price of $38.81 and a 200 day moving average price of $50.45.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Equities research analysts expect that FMC will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.15%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Activity at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On FMC

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after buying an additional 180,766 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of FMC by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company’s stock worth $212,714,000 after purchasing an additional 321,241 shares during the period. Invesco Ltd. increased its position in FMC by 37.8% during the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock worth $173,008,000 after purchasing an additional 977,110 shares in the last quarter. Geode Capital Management LLC lifted its position in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company’s stock valued at $145,452,000 after buying an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock worth $111,131,000 after buying an additional 707,727 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.