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 stock in a transaction that occurred 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 sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FMC Stock Performance

NYSE:FMC traded up $0.04 during mid-day trading on Monday, reaching $55.60. 178,866 shares of the company’s stock were exchanged, compared to its average volume of 1,303,822. 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 firm has a market capitalization of $6.94 billion, a PE ratio of 4.80, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. FMC Co. has a one year low of $47.71 and a one year high of $68.72. The business’s fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $59.00.

FMC (NYSE:FMC) last released its quarterly 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 the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. Analysts anticipate that FMC Co. will post 3.34 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.17%. FMC’s payout ratio is 19.97%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Millburn Ridgefield Corp increased its position in 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 period. First Horizon Advisors Inc. increased 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 purchasing an additional 246 shares during the period. Mather Group LLC. increased 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 purchasing an additional 396 shares during the period. Peterson Financial Group Inc. bought a new position in FMC during the 3rd quarter worth $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC during the 3rd quarter worth about $52,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on FMC shares. Mizuho reduced their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $63.00 to $61.00 in a research report on Tuesday, January 14th. Barclays raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Tuesday, January 21st. Finally, Citigroup decreased their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.25.

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.