FMC Co. (NYSE:FMC) Insider Nicholas Pfeiffer Purchases 992 Shares of Stock

FMC Co. (NYSE:FMC) insider Nicholas Pfeiffer bought 992 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $75.62 per share, with a total value of $75,015.04. Following the completion of the transaction, the insider now owns 13,056 shares of the company’s stock, valued at $987,294.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

FMC Trading Up 0.1 %

NYSE:FMC opened at $75.65 on Friday. The firm has a market capitalization of $9.44 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.57 and a beta of 0.82. 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 company has a fifty day moving average of $88.74 and a 200 day moving average of $105.40. FMC Co. has a 52 week low of $73.00 and a 52 week high of $134.38.

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

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be given a $0.58 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.07%. FMC’s dividend payout ratio is currently 47.25%.

Hedge Funds Weigh In On FMC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Neo Ivy Capital Management boosted its holdings in FMC by 533.3% in the fourth 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 shares of FMC by 68.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 93 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of FMC during the 1st quarter valued at about $33,000. Orion Capital Management LLC purchased a new position in shares of FMC during the first quarter valued at about $40,000. Finally, Trustcore Financial Services LLC raised its stake in FMC by 33.2% in the fourth quarter. Trustcore Financial Services LLC now owns 337 shares of the basic materials company’s stock worth $42,000 after buying an additional 84 shares in the last quarter. Institutional investors own 86.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FMC shares. JPMorgan Chase & Co. assumed coverage on shares of FMC in a report on Monday, August 21st. They set a “neutral” rating and a $90.00 price objective for the company. Wells Fargo & Company cut FMC from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $142.00 to $102.00 in a report on Monday, July 24th. Loop Capital decreased their price objective on FMC from $148.00 to $118.00 in a report on Tuesday, July 11th. BMO Capital Markets cut their target price on FMC from $145.00 to $120.00 in a research note on Tuesday, July 11th. Finally, KeyCorp decreased their price target on shares of FMC from $128.00 to $117.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.29.

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.