Nicholas Pfeiffer Sells 1,000 Shares of FMC Co. (NYSE:FMC) Stock
FMC Co. (NYSE:FMC – Get Rating) insider Nicholas Pfeiffer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $119.78, for a total transaction of $119,780.00. Following the completion of the sale, the insider now directly owns 11,722 shares in the company, valued at approximately $1,404,061.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Nicholas Pfeiffer also recently made the following trade(s):
- On Friday, March 11th, Nicholas Pfeiffer sold 2,181 shares of FMC stock. The shares were sold at an average price of $123.65, for a total transaction of $269,680.65.
NYSE:FMC traded down $3.39 during mid-day trading on Wednesday, hitting $117.84. The stock had a trading volume of 14,096 shares, compared to its average volume of 940,986. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.43 and a beta of 0.82. The company has a 50 day simple moving average of $127.31 and a 200-day simple moving average of $118.37. FMC Co. has a 52 week low of $87.27 and a 52 week high of $140.99. The company has a current ratio of 1.38, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89.
FMC (NYSE:FMC – Get Rating) last released its earnings results on Monday, May 2nd. The basic materials company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.28 billion. FMC had a net margin of 14.64% and a return on equity of 30.30%. During the same quarter last year, the company earned $1.53 EPS. As a group, equities research analysts anticipate that FMC Co. will post 7.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 21st. Stockholders of record on Thursday, June 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.12 annualized dividend and a dividend yield of 1.80%. FMC’s dividend payout ratio is currently 35.69%.
FMC declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently issued reports on FMC shares. Mizuho upped their price objective on shares of FMC from $136.00 to $155.00 in a research note on Friday, April 29th. Citigroup upped their price objective on shares of FMC from $137.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, March 22nd. Monness Crespi & Hardt downgraded shares of FMC from a “buy” rating to a “neutral” rating in a research note on Thursday, March 31st. Credit Suisse Group began coverage on shares of FMC in a research note on Tuesday, May 31st. They set an “underperform” rating and a $109.00 price target on the stock. Finally, Bank of America downgraded shares of FMC from a “buy” rating to an “underperform” rating and set a $128.00 price target on the stock. in a research note on Tuesday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, FMC has an average rating of “Hold” and a consensus price target of $129.20.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rinkey Investments acquired a new position in shares of FMC in the 4th quarter worth approximately $25,000. West Oak Capital LLC purchased a new position in shares of FMC in the first quarter worth approximately $26,000. Neo Ivy Capital Management purchased a new position in shares of FMC in the fourth quarter worth approximately $26,000. Gemmer Asset Management LLC increased its position in shares of FMC by 94.4% in the fourth quarter. Gemmer Asset Management LLC now owns 278 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 135 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of FMC by 5,000.0% in the fourth quarter. Allworth Financial LP now owns 306 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors.
About FMC (Get Rating)
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 include 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.
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