FMC (NYSE:FMC) Given New $51.00 Price Target at KeyCorp

FMC (NYSE:FMC) had its target price reduced by KeyCorp from $55.00 to $51.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the company. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $38.00 in a research report on Friday, February 7th. Citigroup upped their target price on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley cut their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $52.23.

FMC Stock Up 1.4 %

NYSE FMC opened at $38.17 on Tuesday. FMC has a one year low of $33.80 and a one year high of $68.72. The company has a market cap of $4.77 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.89 and a beta of 0.84. The business has a fifty day moving average price of $48.27 and a 200 day moving average price of $56.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Research analysts anticipate that FMC will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio is presently 85.29%.

Insider Activity

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

Hedge Funds Weigh In On FMC

Hedge funds have recently bought and sold shares of the company. Commerce Bank lifted its holdings in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after buying an additional 183 shares in the last quarter. WP Advisors LLC increased its position in shares of FMC by 3.3% during the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 200 shares during the period. International Private Wealth Advisors LLC increased its position in shares of FMC by 3.8% during the fourth quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 205 shares during the period. Blue Trust Inc. raised its stake in shares of FMC by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 236 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds 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.