Insider Buying: FMC Co. (NYSE:FMC) Director Purchases 6,000 Shares of Stock

FMC Co. (NYSE:FMC) Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FMC Stock Up 2.6 %

Shares of NYSE FMC opened at $41.31 on Friday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm’s 50-day simple moving average is $45.65 and its 200 day simple moving average is $55.10.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, research analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.62%. FMC’s dividend payout ratio is currently 85.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FMC shares. Citigroup lifted their price target on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays reduced their target price on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets reduced their target price on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Vertical Research upgraded shares of FMC to a “hold” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $52.23.

Institutional Trading of FMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Golden State Wealth Management LLC bought a new stake in FMC during the 4th quarter worth about $29,000. Millburn Ridgefield Corp increased its stake in shares of FMC by 186.2% in the 3rd 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. increased its stake in shares of FMC by 90.8% in the 3rd 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. EverSource Wealth Advisors LLC increased its stake in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 511 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the 4th quarter valued at about $37,000. 91.86% of the stock is 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 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.