FMC Corp (FMC) Insider Sells $903,018.18 in Stock

FMC Corp (NYSE:FMC) insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FMC Corp (NYSE:FMC) traded down $0.25 during trading hours on Thursday, reaching $85.01. 913,349 shares of the company traded hands, compared to its average volume of 1,484,231. FMC Corp has a 52-week low of $57.29 and a 52-week high of $98.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.81. The firm has a market capitalization of $11,590.00, a price-to-earnings ratio of -134.84, a PEG ratio of 1.34 and a beta of 1.52.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million during the quarter, compared to analyst estimates of $993.57 million. During the same period last year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 42.3% on a year-over-year basis. equities research analysts expect that FMC Corp will post 5.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s dividend payout ratio (DPR) is presently -103.13%.

A number of large investors have recently bought and sold shares of FMC. Los Angeles Capital Management & Equity Research Inc. raised its position in FMC by 647.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock worth $144,522,000 after purchasing an additional 1,322,470 shares in the last quarter. Victory Capital Management Inc. raised its position in FMC by 225.8% in the fourth quarter. Victory Capital Management Inc. now owns 844,289 shares of the basic materials company’s stock worth $79,920,000 after purchasing an additional 585,130 shares in the last quarter. American Century Companies Inc. raised its position in FMC by 50.5% in the fourth quarter. American Century Companies Inc. now owns 1,445,616 shares of the basic materials company’s stock worth $136,842,000 after purchasing an additional 485,379 shares in the last quarter. BlackRock Inc. raised its position in FMC by 3.4% in the fourth quarter. BlackRock Inc. now owns 9,261,241 shares of the basic materials company’s stock worth $876,668,000 after purchasing an additional 308,432 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its position in FMC by 3,067.8% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 317,258 shares of the basic materials company’s stock worth $30,031,000 after purchasing an additional 307,243 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

FMC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, December 18th. Credit Suisse Group set a $111.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Tuesday, January 16th. Bank of America upped their price objective on shares of FMC from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Goldman Sachs Group initiated coverage on shares of FMC in a research report on Monday, December 4th. They set a “neutral” rating and a $98.00 price objective for the company. Finally, Loop Capital set a $106.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Monday, December 11th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $97.63.

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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.

Insider Buying and Selling by Quarter for FMC (NYSE:FMC)

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