Shares of FMC Co. (NYSE:FMC) have been assigned an average rating of “Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $121.53.
Several brokerages have issued reports on FMC. Credit Suisse Group increased their price target on FMC from $128.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Cleveland Research initiated coverage on shares of FMC in a report on Tuesday, September 15th. They set a “neutral” rating on the stock. BMO Capital Markets increased their price objective on shares of FMC from $120.00 to $124.00 in a research report on Wednesday, November 18th. Sanford C. Bernstein started coverage on shares of FMC in a research report on Friday, November 20th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research cut FMC from a “buy” rating to a “hold” rating and set a $113.00 target price for the company. in a report on Wednesday, October 21st.
FMC stock opened at $114.93 on Wednesday. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.60 and a beta of 1.04. The company’s 50 day simple moving average is $115.25 and its 200 day simple moving average is $108.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.70 and a quick ratio of 1.21. FMC has a fifty-two week low of $56.77 and a fifty-two week high of $122.29.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from FMC’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 1.67%. FMC’s payout ratio is currently 28.90%.
In other news, Director Eduardo E. Cordeiro sold 5,625 shares of the stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $118.86, for a total value of $668,587.50. Following the transaction, the director now directly owns 22,826 shares of the company’s stock, valued at $2,713,098.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Pfeiffer sold 733 shares of the firm’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $118.50, for a total transaction of $86,860.50. Following the sale, the insider now owns 11,547 shares of the company’s stock, valued at approximately $1,368,319.50. The disclosure for this sale can be found here. Insiders sold a total of 7,091 shares of company stock valued at $842,309 over the last quarter. 0.99% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in FMC. O Shaughnessy Asset Management LLC boosted its stake in FMC by 83.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 253 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 115 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of FMC in the third quarter valued at about $45,000. BNC Wealth Management LLC acquired a new stake in FMC in the 3rd quarter worth about $51,000. Denali Advisors LLC bought a new stake in FMC in the 3rd quarter valued at about $64,000. Finally, Cerebellum GP LLC acquired a new position in shares of FMC during the 3rd quarter worth approximately $65,000. 77.09% of the stock is owned by institutional investors and hedge funds.
FMC Company Profile
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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