FMC Corp (NYSE:FMC) CEO Mark Douglas sold 52,480 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $109.40, for a total value of $5,741,312.00. Following the completion of the sale, the chief executive officer now owns 40,928 shares in the company, valued at approximately $4,477,523.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
FMC stock traded down $0.68 during midday trading on Thursday, reaching $107.85. The company’s stock had a trading volume of 4,965 shares, compared to its average volume of 620,765. The stock’s 50-day simple moving average is $105.47 and its 200-day simple moving average is $95.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.60 and a quick ratio of 1.17. FMC Corp has a 52-week low of $56.77 and a 52-week high of $112.45. The stock has a market capitalization of $14.14 billion, a P/E ratio of 29.81, a PEG ratio of 1.62 and a beta of 1.25.
FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.06. FMC had a return on equity of 30.31% and a net margin of 10.35%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $1.66 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts expect that FMC Corp will post 6.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, September 29th. FMC’s dividend payout ratio (DPR) is presently 28.90%.
A number of institutional investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC raised its stake in shares of FMC by 11.5% in the second quarter. Townsquare Capital LLC now owns 22,447 shares of the basic materials company’s stock worth $2,281,000 after purchasing an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of FMC by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 265,068 shares of the basic materials company’s stock worth $26,406,000 after purchasing an additional 16,827 shares during the last quarter. Toroso Investments LLC raised its stake in shares of FMC by 77.6% in the second quarter. Toroso Investments LLC now owns 10,389 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 4,539 shares during the last quarter. Cigna Investments Inc. New raised its stake in shares of FMC by 13.6% in the second quarter. Cigna Investments Inc. New now owns 4,176 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 500 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of FMC by 26.1% in the second quarter. Private Advisor Group LLC now owns 3,914 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 811 shares during the last quarter. Institutional investors own 89.75% of the company’s stock.
A number of analysts have weighed in on FMC shares. TheStreet upgraded FMC from a “c+” rating to a “b” rating in a research note on Tuesday, May 5th. Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Wednesday, June 3rd. Morgan Stanley increased their price target on FMC from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank of Canada reissued a “buy” rating and set a $116.00 price target on shares of FMC in a research report on Sunday, May 10th. Finally, Wells Fargo & Co increased their price target on FMC from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.35.
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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