FMC (NYSE:FMC) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of FMC (NYSE:FMC – Get Rating) in a research note released on Thursday morning. The brokerage issued a buy rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on FMC. Royal Bank of Canada upped their price objective on FMC from $139.00 to $140.00 and gave the company an outperform rating in a research report on Friday, February 10th. UBS Group upped their price objective on FMC from $142.00 to $147.00 and gave the company a buy rating in a research report on Wednesday, January 11th. Credit Suisse Group upped their price objective on FMC from $112.00 to $120.00 and gave the company an underperform rating in a research report on Wednesday, February 8th. Wells Fargo & Company upped their price objective on FMC from $141.00 to $148.00 and gave the company an overweight rating in a research report on Monday, January 9th. Finally, BMO Capital Markets upped their price objective on FMC from $140.00 to $145.00 and gave the company an outperform rating in a research report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $144.08.

FMC Stock Performance

Shares of FMC opened at $116.07 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average price is $127.42 and its 200-day moving average price is $121.98. FMC has a 52 week low of $98.24 and a 52 week high of $140.99. The stock has a market cap of $14.52 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.47 and a beta of 0.84.

FMC (NYSE:FMC – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The basic materials company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.53 billion. FMC had a return on equity of 29.29% and a net margin of 12.69%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 EPS. Equities research analysts anticipate that FMC will post 7.92 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Friday, March 31st will be paid a $0.58 dividend. The ex-dividend date is Thursday, March 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.00%. FMC’s dividend payout ratio (DPR) is 39.86%.

Insider Transactions at FMC

In other news, CFO Andrew D. Sandifer sold 5,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the completion of the sale, the chief financial officer now directly owns 39,061 shares in the company, valued at approximately $4,990,823.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FMC news, insider Nicholas Pfeiffer sold 4,421 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the sale, the insider now owns 12,064 shares in the company, valued at approximately $1,564,700.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew D. Sandifer sold 5,000 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the completion of the sale, the chief financial officer now owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The disclosure for this sale can be found here. Insiders sold 11,376 shares of company stock worth $1,465,016 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On FMC

Institutional investors have recently bought and sold shares of the business. Wipfli Financial Advisors LLC purchased a new stake in FMC in the 3rd quarter worth $119,000. Price T Rowe Associates Inc. MD increased its stake in FMC by 14.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 3,085,382 shares of the basic materials company’s stock worth $326,126,000 after buying an additional 386,465 shares in the last quarter. American National Bank increased its stake in FMC by 103.9% in the 4th quarter. American National Bank now owns 781 shares of the basic materials company’s stock worth $97,000 after buying an additional 398 shares in the last quarter. California Public Employees Retirement System increased its stake in FMC by 17.9% in the 3rd quarter. California Public Employees Retirement System now owns 281,898 shares of the basic materials company’s stock worth $29,797,000 after buying an additional 42,737 shares in the last quarter. Finally, Fulcrum Equity Management purchased a new stake in FMC in the 4th quarter worth $212,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.

FMC Company Profile

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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 the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.