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

FMC Co. (NYSE:FMC) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $51.15.

A number of equities analysts recently commented on the company. Redburn Atlantic cut FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Bank of America reiterated an “underperform” rating and set a $48.00 target price (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Wells Fargo & Company restated a “cautious” rating on shares of FMC in a research note on Thursday, March 6th. Finally, Barclays decreased their target price on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FMC

Several large investors have recently modified their holdings of FMC. Golden State Wealth Management LLC acquired a new position in shares of FMC in the 4th quarter valued at $29,000. Millburn Ridgefield Corp grew its position in FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC during the fourth quarter worth about $37,000. Finally, IFP Advisors Inc boosted its stake in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after buying an additional 379 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Price Performance

Shares of FMC opened at $42.25 on Friday. The firm has a 50-day simple moving average of $43.00 and a two-hundred day simple moving average of $52.87. The stock has a market cap of $5.28 billion, a PE ratio of 15.53, a P/E/G ratio of 1.90 and a beta of 0.93. FMC has a 1-year low of $33.80 and a 1-year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that FMC will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio (DPR) is 85.29%.

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.