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

FMC Co. (NYSE:FMC) Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, with a total value of $223,980.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $223,980. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

FMC Stock Up 2.6 %

Shares of NYSE FMC opened at $41.31 on Friday. The company’s 50-day simple moving average is $45.80 and its 200-day simple moving average is $55.32. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The firm 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. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

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, beating 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%. Equities analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio is currently 85.29%.

Hedge Funds Weigh In On FMC

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after buying an additional 180,766 shares in the last quarter. State Street Corp lifted its stake in shares of FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of FMC by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company’s stock worth $212,714,000 after buying an additional 321,241 shares in the last quarter. Invesco Ltd. raised its stake in FMC by 37.8% during the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock worth $173,008,000 after purchasing an additional 977,110 shares during the period. Finally, Geode Capital Management LLC raised its stake in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company’s stock worth $145,452,000 after purchasing an additional 54,017 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Citigroup raised their price target on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Vertical Research raised shares of FMC to a “hold” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Morgan Stanley dropped their price target on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.