FMC Co. (NYSE:FMC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $71.75.

A number of analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. 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. StockNews.com upgraded shares of FMC from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Roth Mkm started coverage on shares of FMC in a report on Thursday, January 4th. They set a “buy” rating and a $74.00 price target for the company. Finally, Wolfe Research started coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating on the stock.

Insider Transactions at FMC

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FMC

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of FMC in the 1st quarter valued at $27,000. Steward Partners Investment Advisory LLC grew its position in shares of FMC by 68.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC acquired a new position in shares of FMC in the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in FMC during the 4th quarter worth approximately $31,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in FMC during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $56.06 on Friday. FMC has a 52-week low of $49.49 and a 52-week high of $125.20. The firm has a fifty day moving average of $58.61 and a 200-day moving average of $58.32. The firm has a market capitalization of $7.00 billion, a P/E ratio of 5.32, a PEG ratio of 1.83 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $2.37 earnings per share. As a group, analysts predict that FMC will post 3.88 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be paid a $0.58 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 4.14%. FMC’s payout ratio is 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.