FMC Corp (NYSE:FMC) CEO Pierre R. Brondeau sold 196,466 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $88.90, for a total transaction of $17,465,827.40. Following the sale, the chief executive officer now directly owns 368,778 shares of the company’s stock, valued at approximately $32,784,364.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of NYSE:FMC opened at $83.54 on Friday. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $84.66 and a 200 day simple moving average of $81.02. FMC Corp has a one year low of $69.36 and a one year high of $92.76.
FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. FMC had a net margin of 10.65% and a return on equity of 27.33%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, analysts expect that FMC Corp will post 5.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, September 27th. FMC’s payout ratio is 25.44%.
FMC has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price target on shares of FMC from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Buckingham Research upped their price target on shares of FMC from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group downgraded shares of FMC from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley initiated coverage on shares of FMC in a report on Monday, May 20th. They set an “equal weight” rating and a $82.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating and set a $93.00 price target (up previously from $91.00) on shares of FMC in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $96.85.
A number of large investors have recently modified their holdings of the stock. Huntington National Bank raised its stake in shares of FMC by 754.1% during the second quarter. Huntington National Bank now owns 316 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 279 shares during the last quarter. Paragon Capital Management LLC bought a new position in shares of FMC during the first quarter valued at $31,000. Squar Milner Financial Services LLC raised its stake in shares of FMC by 51.4% during the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of FMC by 128.6% during the first quarter. Global Retirement Partners LLC now owns 455 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 256 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of FMC by 46.9% during the second quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 160 shares during the last quarter. 90.89% of the stock is owned by institutional investors and hedge funds.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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