Carol Anthony Davidson Acquires 6,000 Shares of FMC Co. (NYSE:FMC) Stock

FMC Co. (NYSE:FMC) Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

FMC Price Performance

Shares of FMC stock opened at $41.31 on Friday. The company’s 50-day simple moving average is $45.80 and its two-hundred day simple moving average is $55.32. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a market capitalization of $5.16 billion, a P/E 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.

FMC (NYSE:FMC) last announced its quarterly earnings results 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 net margin of 8.03% and a return on equity of 9.67%. As a group, equities analysts anticipate that FMC Co. will post 3.48 EPS for the current 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 given a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.62%. FMC’s payout ratio is presently 85.29%.

Institutional Investors Weigh In On FMC

Several hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of FMC in the 4th quarter worth approximately $5,379,000. Employees Retirement System of Texas lifted its position in FMC by 18.4% during the fourth quarter. Employees Retirement System of Texas now owns 90,210 shares of the basic materials company’s stock valued at $4,385,000 after acquiring an additional 14,030 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in FMC during the fourth quarter valued at approximately $1,962,000. Ascent Group LLC lifted its position in FMC by 34.9% during the fourth quarter. Ascent Group LLC now owns 4,842 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in FMC by 154.3% during the fourth quarter. Mackenzie Financial Corp now owns 49,292 shares of the basic materials company’s stock valued at $2,396,000 after acquiring an additional 29,908 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the topic of several analyst reports. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Friday, February 14th. BMO Capital Markets cut their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Vertical Research upgraded shares of FMC to a “hold” rating in a report on Wednesday, February 5th. Finally, KeyCorp cut their price target on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, FMC presently 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.