FMC Co. (NYSE:FMC) Receives Average Rating of “Hold” from Brokerages

Shares of FMC Co. (NYSE:FMC) have received an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $68.47.

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Barclays boosted their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd.

FMC Trading Down 0.0 %

Shares of NYSE FMC opened at $63.98 on Friday. FMC has a 1-year low of $49.49 and a 1-year high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $62.97 and a two-hundred day moving average of $60.79. The company has a market cap of $7.99 billion, a PE ratio of 7.14, a P/E/G ratio of 1.57 and a beta of 0.85.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. FMC’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, equities analysts expect that FMC will post 3.41 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $0.58 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 3.63%. FMC’s dividend payout ratio is presently 25.89%.

Institutional Trading of FMC

Several hedge funds have recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC increased its position in shares of FMC by 4.6% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock worth $255,000 after acquiring an additional 175 shares in the last quarter. Taylor Frigon Capital Management LLC increased its holdings in FMC by 1.5% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock worth $801,000 after purchasing an additional 183 shares in the last quarter. Wahed Invest LLC raised its stake in shares of FMC by 9.5% in the 4th quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 184 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of FMC by 27.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 188 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its position in shares of FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after buying an additional 192 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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.