FMC (FMC) Stock Price Down 5.6%

FMC Corp (NYSE:FMC) shares dropped 5.6% during trading on Monday . The stock traded as low as $74.75 and last traded at $74.99. Approximately 1,785,491 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 1,033,485 shares. The stock had previously closed at $79.44.

FMC has been the topic of several recent analyst reports. Zacks Investment Research raised FMC from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of FMC in a research note on Friday, February 1st. Nomura lifted their price objective on FMC from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Citigroup set a $94.00 price objective on FMC and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, KeyCorp dropped their price objective on FMC from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.45.

The company has a market capitalization of $9.87 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.26 and a quick ratio of 0.92.



FMC (NYSE:FMC) last released its earnings results on Monday, May 6th. The basic materials company reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.10. FMC had a return on equity of 27.53% and a net margin of 9.57%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $1.84 EPS. FMC’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that FMC Corp will post 5.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.60 annualized dividend and a yield of 2.11%. FMC’s payout ratio is 25.44%.

In other FMC news, Director Robert C. Pallash sold 6,992 shares of FMC stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total transaction of $610,261.76. Following the completion of the sale, the director now directly owns 37,458 shares of the company’s stock, valued at approximately $3,269,334.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Pierre R. Brondeau sold 94,424 shares of FMC stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $84.34, for a total value of $7,963,720.16. Following the sale, the chief executive officer now directly owns 312,861 shares of the company’s stock, valued at $26,386,696.74. The disclosure for this sale can be found here. Insiders have sold a total of 131,880 shares of company stock valued at $11,144,839 over the last three months. 1.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Utah Retirement Systems lifted its position in shares of FMC by 1.0% during the first quarter. Utah Retirement Systems now owns 25,299 shares of the basic materials company’s stock worth $1,944,000 after purchasing an additional 257 shares in the last quarter. National Pension Service lifted its position in shares of FMC by 4.2% during the first quarter. National Pension Service now owns 188,601 shares of the basic materials company’s stock worth $14,488,000 after purchasing an additional 7,606 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of FMC by 5.1% during the first quarter. Wellington Management Group LLP now owns 8,467,541 shares of the basic materials company’s stock worth $650,477,000 after purchasing an additional 407,746 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of FMC during the first quarter worth approximately $769,000. Finally, Geode Capital Management LLC lifted its position in shares of FMC by 7.0% during the first quarter. Geode Capital Management LLC now owns 1,820,541 shares of the basic materials company’s stock worth $139,600,000 after purchasing an additional 118,853 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

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FMC Company Profile (NYSE:FMC)

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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