Insider Selling: FMC (NYSE:FMC) Insider Sells 1,251 Shares of Stock

FMC Corporation (NYSE:FMC) insider Nicholas Pfeiffer sold 1,251 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $12.78, for a total transaction of $15,987.78. Following the completion of the transaction, the insider owned 28,513 shares of the company’s stock, valued at $364,396.14. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

FMC Price Performance

Shares of NYSE FMC traded down $0.18 during trading hours on Thursday, hitting $12.11. 2,100,126 shares of the stock were exchanged, compared to its average volume of 3,811,272. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.48 and a current ratio of 1.99. The company has a market cap of $1.52 billion, a PE ratio of -0.55 and a beta of 0.41. The company’s fifty day simple moving average is $11.18 and its two-hundred day simple moving average is $13.06. FMC Corporation has a 1-year low of $9.94 and a 1-year high of $38.68.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $895.14 million. During the same period in the previous year, the business earned $0.69 earnings per share. The company’s revenue was down 17.5% on a year-over-year basis. On average, sell-side analysts predict that FMC Corporation will post 1.27 EPS for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.6%. FMC’s dividend payout ratio (DPR) is presently -1.45%.

Analyst Ratings Changes

Several analysts recently weighed in on FMC shares. BMO Capital Markets set a $14.00 price objective on FMC in a research note on Friday, July 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of FMC in a report on Friday, July 31st. JPMorgan Chase & Co. reduced their price target on shares of FMC from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Mizuho set a $16.00 target price on shares of FMC in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their target price on shares of FMC from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, FMC has an average rating of “Hold” and a consensus price target of $14.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FMC. California State Teachers Retirement System boosted its position in shares of FMC by 1,022.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,861,482 shares of the basic materials company’s stock valued at $21,407,000 after purchasing an additional 1,695,683 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of FMC in the 2nd quarter valued at $8,498,000. AXQ Capital LP increased its stake in shares of FMC by 109.9% in the 2nd quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company’s stock valued at $4,217,000 after acquiring an additional 191,945 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of FMC by 142.4% during the 2nd quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company’s stock valued at $2,704,000 after acquiring an additional 138,098 shares during the period. Finally, SG Americas Securities LLC boosted its stake in FMC by 6.7% during the first quarter. SG Americas Securities LLC now owns 213,656 shares of the basic materials company’s stock worth $3,679,000 after acquiring an additional 13,330 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

About FMC

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.