FMC (NYSE:FMC) Reaches New 1-Year Low at $72.65

FMC Co. (NYSE:FMC) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $72.65 and last traded at $72.77, with a volume of 260396 shares changing hands. The stock had previously closed at $73.74.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of FMC from $128.00 to $117.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Royal Bank of Canada lowered their price objective on shares of FMC from $135.00 to $105.00 in a research report on Tuesday, July 11th. TheStreet cut shares of FMC from a “b-” rating to a “c+” rating in a research report on Wednesday, July 26th. Loop Capital lowered their price objective on shares of FMC from $148.00 to $118.00 in a research report on Tuesday, July 11th. Finally, Mizuho lowered their price target on shares of FMC from $127.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, FMC has a consensus rating of “Moderate Buy” and an average target price of $118.29.

FMC Price Performance

The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company’s 50-day moving average is $88.36 and its 200-day moving average is $104.68.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). FMC had a return on equity of 21.97% and a net margin of 11.60%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.93 EPS. The business’s revenue for the quarter was down 30.1% on a year-over-year basis. Equities research analysts expect that FMC Co. will post 6 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.32 annualized dividend and a yield of 3.20%. FMC’s dividend payout ratio is 47.25%.

Insiders Place Their Bets

In related news, insider Nicholas Pfeiffer purchased 992 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $75.62 per share, with a total value of $75,015.04. Following the completion of the purchase, the insider now directly owns 13,056 shares of the company’s stock, valued at $987,294.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Ronaldo Pereira purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $75.59 per share, with a total value of $151,180.00. Following the completion of the purchase, the executive vice president now directly owns 21,478 shares of the company’s stock, valued at $1,623,522.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Pfeiffer bought 992 shares of the stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $75.62 per share, with a total value of $75,015.04. Following the acquisition, the insider now directly owns 13,056 shares in the company, valued at approximately $987,294.72. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Institutional Trading of FMC

A number of institutional investors have recently bought and sold shares of FMC. Neo Ivy Capital Management lifted its position in FMC by 533.3% in the 4th quarter. Neo Ivy Capital Management now owns 228 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 192 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in FMC by 68.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 93 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in FMC during the 1st quarter worth about $33,000. V Square Quantitative Management LLC bought a new stake in FMC during the 2nd quarter worth about $36,000. Finally, Orion Capital Management LLC bought a new stake in FMC during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 86.91% of the company’s stock.

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 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.