Nicholas Pfeiffer Sells 4,421 Shares of FMC Co. (NYSE:FMC) Stock

FMC Co. (NYSE:FMC – Get Rating) insider Nicholas Pfeiffer sold 4,421 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the sale, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $1,564,700.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nicholas Pfeiffer also recently made the following trade(s):

• On Friday, December 2nd, Nicholas Pfeiffer sold 500 shares of FMC stock. The shares were sold at an average price of $132.56, for a total value of $66,280.00.

FMC Stock Up 0.6 %

Shares of NYSE:FMC opened at $128.86 on Friday. FMC Co. has a 52-week low of $98.24 and a 52-week high of $140.99. The firm has a market capitalization of $16.12 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.63 and a beta of 0.84. The stock has a 50 day moving average price of $128.08 and a 200-day moving average price of $121.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.43.

FMC (NYSE:FMC – Get Rating) last announced its earnings results on Wednesday, February 8th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.05. FMC had a return on equity of 29.29% and a net margin of 12.69%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that FMC Co. will post 7.92 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Friday, March 31st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, March 30th. FMC’s dividend payout ratio is currently 39.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. KeyCorp boosted their target price on FMC from $140.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. Loop Capital raised FMC from a “hold” rating to a “buy” rating and boosted their target price for the company from $132.00 to $149.00 in a research note on Tuesday, November 15th. BMO Capital Markets boosted their target price on FMC from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. Mizuho reaffirmed a “buy” rating and set a $146.00 price target on shares of FMC in a research report on Wednesday, February 8th. Finally, Credit Suisse Group upped their price target on FMC from $112.00 to $120.00 and gave the company an “underperform” rating in a research report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.17.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FMC. Greenleaf Trust grew its stake in shares of FMC by 0.7% in the 4th quarter. Greenleaf Trust now owns 11,798 shares of the basic materials company’s stock worth $1,472,000 after buying an additional 81 shares during the last quarter. Trustcore Financial Services LLC grew its stake in shares of FMC by 33.2% in the 4th quarter. Trustcore Financial Services LLC now owns 337 shares of the basic materials company’s stock worth $42,000 after buying an additional 84 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of FMC by 3.1% in the 4th quarter. Baird Financial Group Inc. now owns 2,826 shares of the basic materials company’s stock worth $352,000 after buying an additional 84 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of FMC by 8.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,069 shares of the basic materials company’s stock worth $113,000 after buying an additional 85 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of FMC by 7.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,247 shares of the basic materials company’s stock worth $148,000 after buying an additional 91 shares during the last quarter. Institutional investors own 88.28% of the company’s stock.

FMC Company Profile

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FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.