Shares of FMC Co. (NYSE:FMC) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $123.60.
A number of equities analysts have commented on FMC shares. Zacks Investment Research raised shares of FMC from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research note on Friday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $130.00 price objective on shares of FMC in a research note on Friday, September 24th. Royal Bank of Canada increased their price objective on shares of FMC from $116.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, November 5th. Loop Capital upgraded FMC from a “hold” rating to a “buy” rating in a research note on Monday, October 18th. Finally, Mizuho upped their price target on FMC from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, November 4th.
FMC traded down $0.53 on Friday, hitting $112.96. 31,793 shares of the company were exchanged, compared to its average volume of 751,711. The firm has a fifty day simple moving average of $106.47 and a two-hundred day simple moving average of $100.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.38. FMC has a 12 month low of $87.27 and a 12 month high of $122.92. The stock has a market capitalization of $14.32 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 20th. Investors of record on Friday, December 31st will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, December 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.88%. This is a positive change from FMC’s previous quarterly dividend of $0.48. FMC’s dividend payout ratio (DPR) is presently 46.49%.
In other FMC news, insider Nicholas Pfeiffer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $106.83, for a total transaction of $106,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of FMC by 3.9% during the third quarter. BlackRock Inc. now owns 10,266,996 shares of the basic materials company’s stock worth $940,046,000 after buying an additional 389,616 shares in the last quarter. Wellington Management Group LLP lifted its stake in FMC by 27.4% during the third quarter. Wellington Management Group LLP now owns 9,130,752 shares of the basic materials company’s stock worth $836,012,000 after purchasing an additional 1,964,364 shares during the last quarter. State Street Corp increased its stake in FMC by 6.7% during the second quarter. State Street Corp now owns 6,861,932 shares of the basic materials company’s stock valued at $745,689,000 after purchasing an additional 430,076 shares during the last quarter. Boston Partners lifted its position in shares of FMC by 8.9% in the 2nd quarter. Boston Partners now owns 5,658,249 shares of the basic materials company’s stock worth $612,147,000 after buying an additional 461,236 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in shares of FMC by 5.0% in the 3rd quarter. King Luther Capital Management Corp now owns 3,008,812 shares of the basic materials company’s stock valued at $275,487,000 after buying an additional 144,214 shares during the period. Institutional investors own 87.95% of the company’s stock.
FMC Company Profile
FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under Rynaxypyr and Cyazypyr brands; herbicides under Authority, Boral, Centium, Command, and Gamit brands; insecticides under Talstar and Hero brands; flutriafol-based fungicides; and bionematicides under Quartzo and Presence brands.
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