Insider Buying: FMC Co. (NYSE:FMC) Insider Purchases 992 Shares of Stock

FMC Co. (NYSE:FMC) insider Nicholas Pfeiffer purchased 992 shares of the stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $75.62 per share, with a total value of $75,015.04. Following the acquisition, the insider now owns 13,056 shares in the company, valued at approximately $987,294.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

FMC Stock Up 0.9 %

NYSE:FMC traded up $0.68 during trading hours on Friday, hitting $76.29. 667,515 shares of the company traded hands, compared to its average volume of 1,109,928. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $89.31 and its 200-day simple moving average is $105.77. FMC Co. has a one year low of $73.00 and a one year high of $134.38. The company has a market cap of $9.52 billion, a PE ratio of 15.40, a PEG ratio of 1.57 and a beta of 0.82.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). FMC had a net margin of 11.60% and a return on equity of 21.97%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.93 earnings per share. FMC’s revenue was down 30.1% on a year-over-year basis. Equities analysts predict that FMC Co. will post 6 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 28th. FMC’s payout ratio is 47.25%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FMC shares. TheStreet lowered shares of FMC from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. Mizuho reduced their price objective on shares of FMC from $127.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Morgan Stanley reduced their price objective on shares of FMC from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday. Credit Suisse Group raised shares of FMC from an “underperform” rating to a “neutral” rating and set a $101.00 price objective for the company in a research report on Friday, August 4th. Finally, Bank of America reduced their price objective on shares of FMC from $139.00 to $122.00 in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently made changes to their positions in the business. Portside Wealth Group LLC bought a new stake in shares of FMC during the 2nd quarter worth $1,097,000. Comerica Bank bought a new stake in FMC in the 2nd quarter valued at about $250,610,000. Humankind Investments LLC raised its stake in FMC by 22.4% in the 2nd quarter. Humankind Investments LLC now owns 10,547 shares of the basic materials company’s stock valued at $1,100,000 after acquiring an additional 1,929 shares during the period. Quilter Plc bought a new stake in FMC in the 2nd quarter valued at about $47,000. Finally, CreativeOne Wealth LLC raised its stake in FMC by 11.4% in the 2nd quarter. CreativeOne Wealth LLC now owns 4,635 shares of the basic materials company’s stock valued at $483,000 after acquiring an additional 475 shares during the period. 86.91% of the stock is currently owned by institutional investors.

About FMC

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 include 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.