Jacqueline Scanlan Sells 4,529 Shares of FMC Co. (NYSE:FMC) Stock

FMC Co. (NYSE:FMC) VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

FMC Stock Down 0.0 %

FMC stock traded down $0.01 on Wednesday, hitting $55.93. 748,560 shares of the company’s stock were exchanged, compared to its average volume of 1,681,208. The stock has a market cap of $6.98 billion, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. FMC Co. has a 12-month low of $50.03 and a 12-month high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a 50 day moving average price of $62.63 and a two-hundred day moving average price of $61.08.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts expect that FMC Co. will post 3.35 EPS for the current fiscal year.

Institutional Trading of FMC

Several hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in shares of FMC in the 3rd quarter valued at about $52,000. D.A. Davidson & CO. boosted its holdings in FMC by 4.8% in the 3rd quarter. D.A. Davidson & CO. now owns 13,827 shares of the basic materials company’s stock valued at $912,000 after purchasing an additional 627 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of FMC by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,758 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 739 shares during the period. Hartford Funds Management Co LLC raised its holdings in FMC by 14.8% during the third quarter. Hartford Funds Management Co LLC now owns 6,659 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 859 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of FMC by 118.4% in the third quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock valued at $3,874,000 after purchasing an additional 31,850 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FMC shares. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. Mizuho upped their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, FMC presently has an average rating of “Hold” and an average price target of $68.00.

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 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.