FMC Corp (NYSE:FMC) has been assigned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $96.10.

Several research firms have recently issued reports on FMC. Credit Suisse Group dropped their price objective on shares of FMC from $112.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Nomura increased their price objective on shares of FMC from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $100.00 to $87.00 in a research report on Thursday, April 18th. They noted that the move was a valuation call. KeyCorp dropped their price objective on shares of FMC from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Zacks Investment Research lowered shares of FMC from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.

NYSE:FMC opened at $75.13 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.21 and a beta of 1.49. FMC has a fifty-two week low of $69.36 and a fifty-two week high of $92.95.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.10. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. FMC had a net margin of 9.57% and a return on equity of 27.53%. FMC’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 earnings per share. On average, equities analysts predict that FMC will post 5.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 27th. FMC’s payout ratio is currently 25.44%.

In related news, VP Andrea E. Utecht sold 30,464 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $84.39, for a total transaction of $2,570,856.96. Following the completion of the sale, the vice president now directly owns 104,231 shares of the company’s stock, valued at approximately $8,796,054.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Pierre R. Brondeau sold 94,424 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $84.34, for a total transaction of $7,963,720.16. Following the sale, the chief executive officer now directly owns 312,861 shares of the company’s stock, valued at $26,386,696.74. The disclosure for this sale can be found here. Insiders sold 131,880 shares of company stock valued at $11,144,839 in the last three months. Company insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Pension Service grew its holdings in FMC by 4.2% during the 1st quarter. National Pension Service now owns 188,601 shares of the basic materials company’s stock valued at $14,488,000 after purchasing an additional 7,606 shares in the last quarter. Wellington Management Group LLP grew its holdings in FMC by 5.1% during the 1st quarter. Wellington Management Group LLP now owns 8,467,541 shares of the basic materials company’s stock valued at $650,477,000 after purchasing an additional 407,746 shares in the last quarter. Bridgewater Associates LP acquired a new stake in FMC during the 1st quarter valued at $769,000. Geode Capital Management LLC grew its holdings in FMC by 7.0% during the 1st quarter. Geode Capital Management LLC now owns 1,820,541 shares of the basic materials company’s stock valued at $139,600,000 after purchasing an additional 118,853 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in FMC by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 815,647 shares of the basic materials company’s stock valued at $62,659,000 after purchasing an additional 45,824 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Analyst Recommendations for FMC (NYSE:FMC)

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