Insider Buying: FMC Co. (NYSE:FMC) Insider Purchases 5,600 Shares of Stock

FMC Co. (NYSE:FMC - Get Free Report) insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FMC Price Performance

NYSE FMC traded up $1.05 during trading on Friday, reaching $41.31. The company's stock had a trading volume of 3,624,074 shares, compared to its average volume of 3,003,712. The stock has a market capitalization of $5.16 billion, a PE ratio of 15.19, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The firm has a fifty day moving average of $45.65 and a 200 day moving average of $55.10. FMC Co. has a one year low of $33.80 and a one year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating 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%. Analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

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FMC Dividend Announcement

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

Hedge Funds Weigh In On FMC

Several institutional investors have recently modified their holdings of FMC. State of Alaska Department of Revenue grew its position in FMC by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,515 shares of the basic materials company's stock worth $957,000 after acquiring an additional 980 shares during the last quarter. Asset Management One Co. Ltd. grew its position in FMC by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company's stock worth $185,000 after acquiring an additional 330 shares during the last quarter. Impax Asset Management Group plc bought a new position in FMC during the 3rd quarter worth approximately $681,000. Greenwood Capital Associates LLC grew its position in FMC by 5.6% during the 3rd quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company's stock worth $875,000 after acquiring an additional 701 shares during the last quarter. Finally, Financial Enhancement Group LLC bought a new position in FMC during the 3rd quarter worth approximately $3,940,000. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FMC shares. Vertical Research upgraded FMC to a "hold" rating in a research note on Wednesday, February 5th. KeyCorp reduced their price objective on FMC from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. UBS Group cut FMC from a "buy" rating to a "neutral" rating and dropped their price target for the company from $66.00 to $38.00 in a research report on Friday, February 7th. StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.