Brokerages Set FMC Co. (NYSE:FMC) PT at $62.92

Shares of FMC Co. (NYSE:FMC - Get Free Report) have earned an average rating of "Hold" from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $62.92.

A number of equities analysts recently commented on FMC shares. Citigroup reduced their price objective on FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. UBS Group decreased their price target on FMC from $75.00 to $66.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. KeyCorp dropped their target price on shares of FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Mizuho decreased their target price on FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.85% of the company's stock.

Institutional Trading of FMC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp increased its holdings in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock valued at $33,000 after buying an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after acquiring an additional 246 shares during the last quarter. Mather Group LLC. boosted its stake in shares of FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in FMC during the 3rd quarter worth about $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of FMC traded up $2.44 during mid-day trading on Monday, reaching $52.03. The company had a trading volume of 1,929,137 shares, compared to its average volume of 1,571,062. The stock has a market capitalization of $6.50 billion, a P/E ratio of 4.48, a PEG ratio of 1.41 and a beta of 0.83. FMC has a 52-week low of $47.71 and a 52-week high of $68.72. The stock has a 50 day moving average of $54.51 and a two-hundred day moving average of $59.10. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts expect that FMC will post 3.35 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Tuesday, December 31st. FMC's dividend payout ratio (DPR) is currently 19.97%.

FMC Company Profile

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.