FMC (NYSE:FMC) Given New $66.00 Price Target at UBS Group

FMC (NYSE:FMC - Free Report) had its target price trimmed by UBS Group from $75.00 to $66.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the basic materials company's stock.

FMC has been the topic of several other research reports. Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Mizuho increased their price target on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Citigroup cut their price objective on shares of FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, FMC currently has a consensus rating of "Hold" and an average price target of $65.69.

FMC Stock Up 4.8 %

NYSE FMC traded up $2.29 on Friday, hitting $50.15. 5,113,341 shares of the stock were exchanged, compared to its average volume of 1,667,736. FMC has a fifty-two week low of $47.73 and a fifty-two week high of $68.72. The company has a 50-day moving average price of $58.90 and a 200-day moving average price of $59.88. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.26 billion, a PE ratio of 4.32, a PEG ratio of 1.48 and a beta of 0.80.

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

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC's dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction that occurred 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 represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Millburn Ridgefield Corp grew its position in FMC by 186.2% in the 3rd 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 during the last quarter. First Horizon Advisors Inc. boosted 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 valued at $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. increased 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 worth $37,000 after acquiring an additional 396 shares during the period. UMB Bank n.a. raised its holdings in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in FMC in the third quarter valued at about $51,000. Institutional investors and hedge funds own 91.86% of the company's stock.

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.