FMC Corp (NYSE:FMC) Insider Nicholas Pfeiffer Sells 2,446 Shares

FMC Corp (NYSE:FMC) insider Nicholas Pfeiffer sold 2,446 shares of FMC stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total transaction of $197,318.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:FMC traded down $0.57 during mid-day trading on Friday, reaching $79.91. 869,939 shares of the company were exchanged, compared to its average volume of 1,215,007. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.92 and a current ratio of 1.26. The stock has a market capitalization of $10.60 billion, a P/E ratio of 12.70, a PEG ratio of 1.28 and a beta of 1.46. FMC Corp has a 1 year low of $69.36 and a 1 year high of $92.76.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.10. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. FMC had a net margin of 9.57% and a return on equity of 27.53%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. Research analysts forecast that FMC Corp will post 5.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. FMC’s payout ratio is currently 25.44%.

Several large investors have recently bought and sold shares of the stock. Boston Partners grew its position in FMC by 40.9% during the 4th quarter. Boston Partners now owns 5,769,261 shares of the basic materials company’s stock worth $426,695,000 after purchasing an additional 1,673,988 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in FMC during the 4th quarter worth $89,432,000. Millennium Management LLC grew its position in FMC by 548.6% during the 4th quarter. Millennium Management LLC now owns 866,479 shares of the basic materials company’s stock worth $64,085,000 after purchasing an additional 1,059,618 shares during the last quarter. Norges Bank purchased a new position in FMC during the 4th quarter worth $64,447,000. Finally, Wellington Management Group LLP grew its position in FMC by 5.1% during the 1st quarter. Wellington Management Group LLP now owns 8,467,541 shares of the basic materials company’s stock worth $650,477,000 after purchasing an additional 407,746 shares during the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating and set a $93.00 price objective (up from $91.00) on shares of FMC in a report on Thursday. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Monday, June 3rd. Morgan Stanley assumed coverage on shares of FMC in a report on Monday, May 20th. They issued an “equal weight” rating and a $82.00 price target on the stock. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $100.00 to $87.00 in a report on Thursday, April 18th. They noted that the move was a valuation call. Finally, Loop Capital set a $102.00 price objective on shares of FMC and gave the stock a “buy” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $93.25.

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About FMC

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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