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.
TRADEMARK VIOLATION NOTICE: “Nicholas Pfeiffer Sells 375 Shares of FMC Corp (FMC) Stock” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.thelincolnianonline.com/2017/12/16/nicholas-pfeiffer-sells-375-shares-of-fmc-corp-fmc-stock.html.
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.
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.