Fintel reports that on March 1, 2024, Wolfe Research initiated coverage of FMC (NYSE:FMC) with a Peer Perform recommendation.
Analyst Price Forecast Suggests 13.81% Upside
As of February 24, 2024, the average one-year price target for FMC is 65.22. The forecasts range from a low of 53.53 to a high of $99.75. The average price target represents an increase of 13.81% from its latest reported closing price of 57.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for FMC is 6,332MM, an increase of 41.13%. The projected annual non-GAAP EPS is 9.38.
- For more in-depth coverage of FMC, view the free, crowd-sourced company research report on Finpedia.
FMC Declares $0.58 Dividend
On December 15, 2023 the company declared a regular quarterly dividend of $0.58 per share ($2.32 annualized). Shareholders of record as of December 29, 2023 received the payment on January 18, 2024. Previously, the company paid $0.58 per share.
At the current share price of $57.31 / share, the stock's dividend yield is 4.05%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.06%, the lowest has been 1.52%, and the highest has been 4.53%. The standard deviation of yields is 0.64 (n=234).
The current dividend yield is 3.10 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.22. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.21%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1303 funds or institutions reporting positions in FMC. This is a decrease of 64 owner(s) or 4.68% in the last quarter. Average portfolio weight of all funds dedicated to FMC is 0.18%, a decrease of 17.25%. Total shares owned by institutions increased in the last three months by 2.55% to 134,757K shares. 
The put/call ratio of FMC is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 12,548K shares representing 10.06% ownership of the company. In it's prior filing, the firm reported owning 10,882K shares, representing an increase of 13.28%. The firm decreased its portfolio allocation in FMC by 88.06% over the last quarter.
Ameriprise Financial holds 4,572K shares representing 3.66% ownership of the company. In it's prior filing, the firm reported owning 5,007K shares, representing a decrease of 9.50%. The firm decreased its portfolio allocation in FMC by 21.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,888K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 3,884K shares, representing an increase of 0.11%. The firm decreased its portfolio allocation in FMC by 33.30% over the last quarter.
Price T Rowe Associates holds 3,746K shares representing 3.00% ownership of the company. In it's prior filing, the firm reported owning 1,208K shares, representing an increase of 67.75%. The firm increased its portfolio allocation in FMC by 167.67% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,997K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 2,977K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in FMC by 33.83% over the last quarter.
FMC Background Information
(This description is provided by the company.)
FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr® and Cyazypyr® active ingredients; Authority®, Boral®, Centium®, Command® and Gamit® branded herbicides; Talstar® and Hero® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo® and Presence® bionematicides. FMC Corporation employs approximately 6,400 employees around the globe.
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