FMC Co. (NYSE:FMC) Receives $62.92 Consensus PT from Analysts

FMC Co. (NYSE:FMC) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $63.25.

Several brokerages have recently issued reports on FMC. Mizuho reduced their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Citigroup reduced their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. KeyCorp reduced their price objective on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada lifted their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group reduced their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.

FMC Trading Down 0.1 %

FMC opened at $53.48 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $6.68 billion, a PE ratio of 4.60, a PEG ratio of 0.96 and a beta of 0.83. FMC has a 1-year low of $47.71 and a 1-year high of $68.72. The firm has a 50-day moving average price of $53.89 and a two-hundred day moving average price of $58.97.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. As a group, equities analysts anticipate that FMC will post 3.34 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.34%. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FMC

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in FMC by 4.4% during the second quarter. American Century Companies Inc. now owns 37,829 shares of the basic materials company’s stock worth $2,177,000 after purchasing an additional 1,589 shares during the period. Federated Hermes Inc. bought a new position in FMC during the second quarter worth $13,492,000. Oppenheimer Asset Management Inc. boosted its position in FMC by 1.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 83,554 shares of the basic materials company’s stock worth $4,809,000 after purchasing an additional 1,517 shares during the period. WINTON GROUP Ltd bought a new stake in shares of FMC in the second quarter valued at about $7,990,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of FMC by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after acquiring an additional 64,055 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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.