FMC Corporation (NYSE:FMC – Get Free Report) VP Jacqueline Scanlan sold 3,790 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $34.00, for a total value of $128,860.00. Following the completion of the sale, the vice president owned 33,044 shares in the company, valued at approximately $1,123,496. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Jacqueline Scanlan also recently made the following trade(s):
- On Monday, August 18th, Jacqueline Scanlan sold 1,510 shares of FMC stock. The stock was sold at an average price of $37.49, for a total value of $56,609.90.
FMC Price Performance
Shares of FMC stock opened at $31.44 on Friday. The stock’s fifty day simple moving average is $37.41 and its 200 day simple moving average is $39.44. FMC Corporation has a one year low of $31.14 and a one year high of $67.75. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 0.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14.
FMC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC’s dividend payout ratio is currently 290.00%.
Hedge Funds Weigh In On FMC
Large investors have recently made changes to their positions in the company. Financial Harvest LLC bought a new position in FMC in the first quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of FMC in the 1st quarter valued at about $30,000. Creative Financial Designs Inc. ADV grew its position in shares of FMC by 180.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after buying an additional 524 shares during the period. Golden State Wealth Management LLC grew its position in shares of FMC by 66.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company’s stock worth $42,000 after buying an additional 402 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of FMC during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 91.86% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of FMC from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Barclays cut their price objective on FMC from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. KeyCorp raised their target price on FMC from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.58.
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.
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