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 include 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. The company markets its products through its own sales organization and through alliance partners, independent distributors, and sales representatives. It operates in North America, Latin America, Europe, the Middle East, Africa, and Asia. FMC Corporation was founded in 1883 and is headquartered in Philadelphia, Pennsylvania.
Analyst Upgrades and Downgrades
FMC has been the subject of several research analyst reports. UBS Group reduced their price objective on FMC from $149.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Credit Suisse Group lowered their price objective on FMC from $109.00 to $105.00 and set an "underperform" rating on the stock in a research report on Wednesday, August 3rd. Wells Fargo & Company reduced their target price on FMC from $150.00 to $144.00 in a report on Wednesday, May 4th. Bank of America raised FMC from an "underperform" rating to a "buy" rating and set a $127.00 price objective on the stock in a research note on Tuesday, June 21st. They noted that the move was a valuation call. Finally, Mizuho reduced their price objective on FMC from $149.00 to $144.00 and set a "buy" rating on the stock in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $132.64.
FMC Stock Up 2.5 %
FMC Stock traded up $2.70 during trading on Friday, hitting $112.27. 645,061 shares of the company's stock were exchanged, compared to its average volume of 725,818. The business has a 50-day moving average price of $107.57 and a two-hundred day moving average price of $118.19. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.47 and a beta of 0.84. FMC has a 52-week low of $87.27 and a 52-week high of $140.99. The company has a current ratio of 1.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87.
FMC (NYSE:FMC - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. FMC had a return on equity of 30.64% and a net margin of 12.80%. During the same quarter last year, the business earned $1.81 EPS. As a group, equities research analysts expect that FMC will post 7.47 EPS for the current year.
FMC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, September 29th. FMC's dividend payout ratio (DPR) is 38.97%.
Insider Transactions at FMC
In other FMC news, insider Nicholas Pfeiffer sold 1,000 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $119.78, for a total value of $119,780.00. Following the transaction, the insider now directly owns 11,722 shares of the company's stock, valued at approximately $1,404,061.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company's stock.