FMC Co. (NYSE:FMC) EVP Michael Finian Reilly Sells 2,958 Shares

FMC Co. (NYSE:FMC) EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

FMC Stock Performance

Shares of NYSE:FMC opened at $56.41 on Wednesday. FMC Co. has a twelve month low of $47.71 and a twelve month high of $68.72. The firm has a market cap of $7.04 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. 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 business has a fifty day moving average of $53.78 and a 200-day moving average of $58.99.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. On average, equities research analysts predict that FMC Co. will post 3.34 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio is 19.97%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group cut their target price on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Barclays upgraded FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective for the company in a research note on Tuesday, January 21st. KeyCorp dropped their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Mizuho dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $61.00 in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.25.

Hedge Funds Weigh In On FMC

Hedge funds have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp boosted its holdings in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares during the last quarter. Mather Group LLC. boosted its holdings in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. Golden State Wealth Management LLC bought a new position in FMC in the fourth quarter valued at about $29,000. Finally, Peterson Financial Group Inc. bought a new position in FMC in the third quarter valued at about $51,000. Institutional investors own 91.86% of the company’s stock.

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.