FMC Co. (NYSE:FMC) EVP Michael Finian Reilly Sells 2,958 Shares

FMC Co. (NYSE:FMC) EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

FMC Stock Up 0.1 %

Shares of FMC stock traded up $0.04 during trading on Monday, reaching $55.60. The company had a trading volume of 178,866 shares, compared to its average volume of 1,303,822. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The firm’s fifty day moving average is $53.75 and its 200-day moving average is $59.00. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 4.80, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. On average, analysts anticipate that FMC Co. will post 3.34 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.17%. FMC’s dividend payout ratio is presently 19.97%.

Institutional Investors Weigh In On FMC

Several large investors have recently made changes to their positions in the company. State Street Corp raised its holdings in shares of FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after purchasing an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FMC by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock valued at $74,931,000 after buying an additional 20,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after acquiring an additional 64,055 shares during the last quarter. New South Capital Management Inc. boosted its stake in shares of FMC by 1.5% during the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock worth $43,915,000 after acquiring an additional 9,834 shares in the last quarter. Finally, Ilex Capital Partners UK LLP grew its holdings in shares of FMC by 2,129.4% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after acquiring an additional 420,601 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on FMC shares. Mizuho decreased their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada raised their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays raised FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 21st. KeyCorp lowered their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Finally, Citigroup decreased their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.25.

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 includes 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.