FMC Co. (NYSE:FMC) to Issue Quarterly Dividend of $0.58

FMC Co. (NYSE:FMC) declared a quarterly dividend on Friday, February 28th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.58 per share by the basic materials company on Thursday, April 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st.

FMC has raised its dividend by an average of 5.6% annually over the last three years. FMC has a dividend payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Analysts expect FMC to earn $3.95 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 58.7%.

FMC Price Performance

FMC stock opened at $42.25 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC has a 12 month low of $33.80 and a 12 month high of $68.72. The stock has a market cap of $5.28 billion, a PE ratio of 15.53, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a 50-day moving average price of $43.00 and a 200 day moving average price of $52.87.

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

Insider Buying and Selling at FMC

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Vertical Research upgraded FMC to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. Bank of America reiterated an “underperform” rating and issued a $48.00 price target (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Finally, Barclays reduced their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.15.

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.