FMC Co. (NYSE:FMC) VP Jacqueline Scanlan Sells 4,529 Shares

FMC Co. (NYSE:FMC) VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FMC Stock Down 0.4 %

NYSE:FMC opened at $55.73 on Thursday. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 4.80, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. The stock has a 50-day simple moving average of $62.48 and a 200 day simple moving average of $61.04.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays upped their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Citigroup started coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. KeyCorp dropped their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Finally, Mizuho boosted their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.00.

Hedge Funds Weigh In On FMC

Several institutional investors have recently made changes to their positions in FMC. First Horizon Advisors Inc. boosted its position in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. Mather Group LLC. lifted its stake in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC acquired a new position in shares of FMC during the first quarter valued at $39,000. UMB Bank n.a. grew its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of FMC in the 1st quarter worth about $45,000. 91.86% of the stock is owned by institutional investors.

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.