FMC (NYSE:FMC) Reaches New 52-Week Low - Time to Sell?

Shares of FMC Co. (NYSE:FMC - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $33.45 and last traded at $33.91, with a volume of 4024428 shares trading hands. The stock had previously closed at $35.21.

Analyst Ratings Changes

Several research firms recently issued reports on FMC. Morgan Stanley dropped their price target on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Barclays cut their price target on FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Citigroup raised their price objective on FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. UBS Group lowered FMC from a "buy" rating to a "neutral" rating and cut their target price for the company from $66.00 to $38.00 in a research report on Friday, February 7th. Finally, The Goldman Sachs Group started coverage on shares of FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.15.

FMC Trading Up 2.2 %

The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The business's 50-day moving average is $38.77 and its two-hundred day moving average is $50.76. The firm has a market cap of $4.63 billion, a P/E ratio of 13.62, a P/E/G ratio of 1.90 and a beta of 0.83.

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FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Monday, March 31st. FMC's dividend payout ratio (DPR) is 85.29%.

Insider Buying and Selling

In other FMC news, insider Ronaldo Pereira purchased 5,600 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Anthony Davidson purchased 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On FMC

A number of institutional investors and hedge funds have recently bought and sold shares of FMC. Golden State Wealth Management LLC bought a new position in shares of FMC in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its position in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new position in FMC during the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FMC during the 3rd quarter valued at $58,000. Finally, IFP Advisors Inc raised its stake in shares of FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after buying an additional 379 shares in the last quarter. Institutional investors own 91.86% of the company's stock.

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.