BNP Paribas began coverage on shares of FMC (NYSE:FMC) in a research report released on Wednesday morning, The Fly reports. The brokerage issued a buy rating and a $110.00 price objective on the basic materials company’s stock.

A number of other equities analysts also recently commented on FMC. Credit Suisse Group boosted their price objective on FMC from $97.00 to $102.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Goldman Sachs Group downgraded FMC from a buy rating to a neutral rating in a research report on Friday, August 2nd. Citigroup reissued a buy rating and set a $93.00 price objective (up from $91.00) on shares of FMC in a research report on Thursday, June 13th. Buckingham Research boosted their price objective on FMC from $94.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Finally, Nomura boosted their price objective on FMC from $93.00 to $100.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. FMC has an average rating of Buy and an average price target of $97.93.

Shares of FMC stock opened at $89.90 on Wednesday. FMC has a one year low of $69.36 and a one year high of $92.76. The company has a market cap of $11.85 billion, a PE ratio of 15.02, a P/E/G ratio of 1.52 and a beta of 1.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.27. The business has a 50-day simple moving average of $86.59 and a 200-day simple moving average of $81.24.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. FMC had a return on equity of 27.33% and a net margin of 10.65%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that FMC will post 5.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, September 27th. FMC’s payout ratio is 25.44%.

In other FMC news, CEO Pierre R. Brondeau sold 196,466 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $88.90, for a total value of $17,465,827.40. Following the completion of the sale, the chief executive officer now owns 368,778 shares in the company, valued at $32,784,364.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mark Douglas sold 22,390 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $89.83, for a total value of $2,011,293.70. Following the completion of the sale, the chief operating officer now owns 60,584 shares of the company’s stock, valued at approximately $5,442,260.72. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FMC. Geode Capital Management LLC lifted its stake in FMC by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 1,701,688 shares of the basic materials company’s stock valued at $125,630,000 after buying an additional 128,306 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in FMC in the first quarter valued at approximately $215,000. American International Group Inc. lifted its stake in FMC by 45.5% in the first quarter. American International Group Inc. now owns 69,393 shares of the basic materials company’s stock valued at $5,331,000 after buying an additional 21,693 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in FMC by 8.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,239 shares of the basic materials company’s stock valued at $1,094,000 after buying an additional 1,139 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in FMC by 3.1% in the first quarter. Raymond James & Associates now owns 193,239 shares of the basic materials company’s stock valued at $14,845,000 after buying an additional 5,865 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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