Nicholas Pfeiffer Sells 375 Shares of FMC Corp (FMC) Stock

FMC Corp (NYSE:FMC) insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

FMC Corp (NYSE FMC) traded up $2.34 during midday trading on Friday, hitting $92.20. The company had a trading volume of 2,553,757 shares, compared to its average volume of 912,222. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. FMC Corp has a 12 month low of $56.35 and a 12 month high of $95.25. The firm has a market cap of $12,064.76, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 3.01 and a beta of 1.61.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. FMC had a return on equity of 16.77% and a net margin of 0.78%. The company had revenue of $646.20 million for the quarter, compared to the consensus estimate of $686.21 million. During the same quarter last year, the business posted $0.67 EPS. FMC’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts anticipate that FMC Corp will post 2.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Friday, December 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 28th. FMC’s dividend payout ratio (DPR) is 388.24%.

Several analysts recently weighed in on the company. KeyCorp reissued a “buy” rating and set a $112.00 price target on shares of FMC in a report on Monday, December 4th. Stephens initiated coverage on FMC in a research note on Monday, December 4th. They set an “equal weight” rating and a $91.00 price objective on the stock. Loop Capital set a $106.00 price objective on FMC and gave the stock a “buy” rating in a research note on Monday, December 11th. Goldman Sachs Group initiated coverage on FMC in a research note on Monday, December 4th. They set a “neutral” rating and a $98.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. FMC currently has a consensus rating of “Buy” and an average target price of $92.80.

A number of institutional investors and hedge funds have recently made changes to their positions in FMC. Advisor Partners LLC acquired a new position in FMC during the 3rd quarter worth about $216,000. Achmea Investment Management B.V. acquired a new position in FMC during the 3rd quarter worth about $246,000. Nordea Investment Management AB lifted its holdings in FMC by 99.7% during the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after buying an additional 4,015 shares during the period. Virginia Retirement Systems ET AL acquired a new position in FMC during the 3rd quarter worth about $831,000. Finally, Hanseatic Management Services Inc. lifted its holdings in FMC by 13.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after buying an additional 1,688 shares during the period. 89.34% of the stock is currently owned by hedge funds and other institutional investors.

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FMC Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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