FMC Co. (NYSE:FMC) Director Carol Anthony Davidson Purchases 6,000 Shares

FMC Co. (NYSE:FMC) Director Carol Anthony Davidson purchased 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FMC Price Performance

NYSE:FMC traded up $0.43 during trading hours on Thursday, hitting $39.88. 1,102,223 shares of the company’s stock traded hands, compared to its average volume of 2,923,037. The firm has a market cap of $4.98 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.90 and a beta of 0.93. 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 business’s fifty day simple moving average is $45.98 and its two-hundred day simple moving average is $55.43. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) 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 anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s payout ratio is currently 85.29%.

Hedge Funds Weigh In On FMC

A number of hedge funds have recently bought and sold shares of the business. Commerce Bank grew its stake in shares of FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 183 shares during the period. WP Advisors LLC lifted its holdings in shares of FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after buying an additional 200 shares during the period. International Private Wealth Advisors LLC boosted its stake in shares of FMC by 3.8% in the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after buying an additional 205 shares during the last quarter. Blue Trust Inc. increased its position in FMC by 9.9% during the fourth quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 236 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in FMC by 90.8% during 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. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FMC. Morgan Stanley reduced their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. BMO Capital Markets cut their target price on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock 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 analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus price target of $52.23.

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.