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

FMC Co. (NYSE:FMC - Get Free Report) Director Carol Anthony Davidson bought 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

FMC Price Performance

FMC stock traded up $1.05 during mid-day trading on Friday, reaching $41.31. 3,624,074 shares of the company's stock were exchanged, compared to its average volume of 3,003,712. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The stock's 50 day moving average is $45.65 and its 200 day moving average is $55.10. 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 (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, research analysts expect that FMC Co. will post 3.48 EPS for the current year.

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FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Monday, March 31st. FMC's dividend payout ratio is presently 85.29%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho cut their price objective on FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada downgraded 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. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Barclays cut their price objective 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. Finally, Vertical Research upgraded shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $52.23.

Institutional Investors Weigh In On FMC

Large investors have recently bought and sold shares of the company. Millburn Ridgefield Corp boosted its stake in shares of FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock worth $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in 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 purchasing an additional 246 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in FMC during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after buying an additional 511 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC in the fourth quarter valued at about $37,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

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.