FMC Corp (NYSE:FMC) CEO Pierre R. Brondeau sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $73.09, for a total value of $2,411,970.00. Following the completion of the transaction, the chief executive officer now directly owns 284,814 shares of the company’s stock, valued at approximately $20,817,055.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
FMC stock traded up $0.05 during trading hours on Wednesday, hitting $74.38. The stock had a trading volume of 3,683 shares, compared to its average volume of 1,057,181. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. FMC Corp has a fifty-two week low of $69.36 and a fifty-two week high of $92.76.
FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.10. FMC had a return on equity of 27.53% and a net margin of 9.57%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that FMC Corp will post 5.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. FMC’s dividend payout ratio is currently 25.44%.
FMC has been the subject of several recent research reports. Stephens set a $95.00 price target on FMC and gave the company a “buy” rating in a report on Thursday, February 28th. ValuEngine raised FMC from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research raised FMC from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Loop Capital set a $102.00 price target on FMC and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Morgan Stanley initiated coverage on FMC in a report on Monday. They issued an “equal weight” rating and a $82.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $95.25.
Several hedge funds have recently added to or reduced their stakes in the company. Mackay Shields LLC grew its holdings in shares of FMC by 13.6% in the 4th quarter. Mackay Shields LLC now owns 24,396 shares of the basic materials company’s stock valued at $1,805,000 after acquiring an additional 2,924 shares in the last quarter. Chartwell Investment Partners LLC grew its position in shares of FMC by 1,550.9% during the first quarter. Chartwell Investment Partners LLC now owns 222,712 shares of the basic materials company’s stock worth $17,109,000 after buying an additional 209,222 shares in the last quarter. Machina Capital S.A.S. acquired a new position in shares of FMC during the fourth quarter worth about $436,000. Starr International Co. Inc. acquired a new position in shares of FMC during the first quarter worth about $135,000. Finally, IFM Investors Pty Ltd grew its position in shares of FMC by 10.1% during the fourth quarter. IFM Investors Pty Ltd now owns 8,593 shares of the basic materials company’s stock worth $636,000 after buying an additional 791 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.
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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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