FMC Co. (NYSE:FMC - Get Free Report) insider Ronaldo Pereira bought 5,600 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
FMC Stock Performance
Shares of FMC opened at $39.48 on Thursday. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The firm has a fifty day moving average of $45.98 and a 200-day moving average of $55.43.
FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, equities analysts anticipate that FMC Co. will post 3.48 earnings per share for the current year.
FMC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.88%. FMC's dividend payout ratio is currently 85.29%.
Hedge Funds Weigh In On FMC
A number of hedge funds have recently added to or reduced their stakes in FMC. Barnett & Company Inc. bought a new stake in FMC during the third quarter worth approximately $2,265,000. Inspire Trust Co. N.A. raised its stake in FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after acquiring an additional 9,500 shares in the last quarter. Reinhart Partners LLC. raised its stake in FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock worth $11,050,000 after acquiring an additional 39,230 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of FMC by 27.8% in the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock valued at $2,867,000 after buying an additional 9,449 shares in the last quarter. Finally, First National Bank of Omaha increased its stake in shares of FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company's stock valued at $2,238,000 after buying an additional 15,662 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FMC shares. Royal Bank of Canada cut shares of FMC from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. UBS Group cut shares of FMC from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $66.00 to $38.00 in a report on Friday, February 7th. BMO Capital Markets reduced their price target on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Vertical Research upgraded shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. Finally, KeyCorp lowered their price objective on shares of FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $52.23.
Check Out Our Latest Research Report on FMC
About FMC
(
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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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