Research Analysts’ Weekly Ratings Changes for FMC (FMC)

FMC (NYSE: FMC) has recently received a number of price target changes and ratings updates:

• 4/10/2024 – FMC was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/9/2024 – FMC had its price target raised by analysts at KeyCorp from $76.00 to $79.00. They now have an “overweight” rating on the stock.
• 3/29/2024 – FMC was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/21/2024 – FMC was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/20/2024 – FMC was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $84.00 price target on the stock, up previously from $61.00.
• 3/19/2024 – FMC had its price target raised by analysts at Loop Capital from $55.00 to $65.00. They now have a “hold” rating on the stock.
• 3/4/2024 – FMC was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/1/2024 – FMC is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 2/16/2024 – FMC was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/12/2024 – FMC was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $55.00 price target on the stock, down previously from $68.00.

FMC Trading Down 2.4 %

FMC stock traded down $1.54 during trading hours on Wednesday, reaching $62.22. 1,616,751 shares of the company’s stock traded hands, compared to its average volume of 2,030,533. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $125.20. The firm’s 50 day moving average is $58.60 and its 200-day moving average is $58.63.

FMC (NYSE:FMC) last announced its quarterly earnings data 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. On average, analysts predict that FMC Co. will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.73%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 14,521,787 shares of the basic materials company’s stock worth $915,599,000 after purchasing an additional 176,978 shares during the period. Wellington Management Group LLP boosted its position in FMC by 15.3% during the 4th quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock worth $791,137,000 after acquiring an additional 1,666,096 shares during the last quarter. BlackRock Inc. boosted its position in FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock worth $1,421,276,000 after acquiring an additional 228,436 shares during the last quarter. State Street Corp grew its stake in shares of FMC by 1.8% during the 1st quarter. State Street Corp now owns 5,683,520 shares of the basic materials company’s stock worth $697,341,000 after acquiring an additional 101,627 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of FMC by 210.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,745,695 shares of the basic materials company’s stock valued at $236,167,000 after purchasing an additional 2,537,717 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.