FMC (NYSE:FMC) Stock Price Down 4.7% – Should You Sell?

FMC Corporation (NYSE:FMC)’s share price traded down 4.7% during mid-day trading on Thursday . The company traded as low as $12.54 and last traded at $12.7050. 406,210 shares traded hands during trading, a decline of 89% from the average session volume of 3,818,195 shares. The stock had previously closed at $13.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FMC shares. Royal Bank Of Canada dropped their price target on shares of FMC from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of FMC in a research note on Wednesday, August 26th. Mizuho set a $16.00 price target on FMC in a research report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of FMC in a research report on Friday, July 31st. Finally, Morgan Stanley cut their price target on FMC from $15.50 to $12.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.25.

FMC Trading Up 0.1%

The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. The company’s 50 day moving average is $11.10 and its two-hundred day moving average is $13.11. The firm has a market cap of $1.63 billion, a P/E ratio of -0.59 and a beta of 0.41.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $841.40 million for the quarter, compared to analyst estimates of $895.14 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The company’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts predict that FMC Corporation will post 1.27 earnings per share for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. FMC’s payout ratio is currently -1.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in FMC by 3,642.9% during the first quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after buying an additional 1,785 shares in the last quarter. Essential Partners LLC bought a new stake in FMC in the 1st quarter valued at $43,000. Nykredit A S acquired a new position in shares of FMC in the 2nd quarter valued at $55,000. Parallel Advisors LLC raised its stake in shares of FMC by 297.2% in the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock valued at $108,000 after buying an additional 4,687 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of FMC by 3,714.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,041 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 8,804 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Company Profile

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.