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

FMC Co. (NYSE:FMC - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $40.60 and last traded at $41.92, with a volume of 2246596 shares traded. The stock had previously closed at $41.74.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FMC shares. BMO Capital Markets lowered their price target on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group started coverage on shares of FMC in a research note on Thursday, March 13th. They issued a "buy" rating and a $51.00 target price for the company. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target for the company. in a report on Friday, February 14th. Morgan Stanley dropped their price objective on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $49.46.

FMC Stock Down 1.7 %

The stock's fifty day moving average price is $39.49 and its 200-day moving average price is $48.23. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. FMC's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, sell-side analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 85.29%.

Insider Activity

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

Hedge Funds Weigh In On FMC

Several large investors have recently modified their holdings of FMC. Easterly Investment Partners LLC raised its holdings in FMC by 43.4% in the 1st quarter. Easterly Investment Partners LLC now owns 379,824 shares of the basic materials company's stock valued at $16,025,000 after acquiring an additional 114,893 shares during the period. Kingsview Wealth Management LLC lifted its holdings in FMC by 1,727.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 79,139 shares of the basic materials company's stock worth $3,339,000 after purchasing an additional 74,808 shares during the last quarter. Victory Capital Management Inc. boosted its stake in FMC by 17.0% in the 1st quarter. Victory Capital Management Inc. now owns 24,153 shares of the basic materials company's stock valued at $1,019,000 after purchasing an additional 3,508 shares during the period. Edgestream Partners L.P. acquired a new position in FMC in the 1st quarter valued at $2,611,000. Finally, CWM LLC grew its holdings in FMC by 781.1% in the 1st quarter. CWM LLC now owns 90,764 shares of the basic materials company's stock valued at $3,829,000 after buying an additional 80,463 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

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.