FMC (NYSE:FMC) Cut to "Neutral" at Redburn Atlantic

Redburn Atlantic lowered shares of FMC (NYSE:FMC - Free Report) from a buy rating to a neutral rating in a research report released on Friday morning, MarketBeat reports. The brokerage currently has $49.00 price objective on the basic materials company's stock.

Several other equities analysts also recently issued reports on FMC. Morgan Stanley reduced their price objective on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price target on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. KeyCorp decreased their target price on shares of FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a research report on Thursday, January 2nd. Bank of America reissued an "underperform" rating and set a $48.00 target price (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada lowered shares of FMC from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $52.23.

FMC Stock Performance

FMC stock traded up $1.40 during midday trading on Friday, reaching $38.02. The company had a trading volume of 3,489,975 shares, compared to its average volume of 3,070,340. The firm has a market capitalization of $4.75 billion, a PE ratio of 13.98, a P/E/G ratio of 1.75 and a beta of 0.84. The stock has a 50 day moving average price of $48.97 and a 200 day moving average price of $57.22. FMC has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that FMC will post 3.53 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC's dividend payout ratio is presently 85.29%.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company's stock.

Institutional Investors Weigh In On FMC

Large investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in FMC during the 3rd quarter worth approximately $105,000. CX Institutional boosted its position in shares of FMC by 4.2% in the third quarter. CX Institutional now owns 6,573 shares of the basic materials company's stock worth $433,000 after buying an additional 266 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of FMC by 5.9% during the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company's stock valued at $313,000 after buying an additional 265 shares in the last quarter. Claro Advisors LLC acquired a new position in FMC during the third quarter valued at $113,000. Finally, Everence Capital Management Inc. purchased a new stake in FMC in the 3rd quarter worth about $423,000. 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.