Andrea E. Utecht Sells 14,174 Shares of FMC Corporation (FMC) Stock
FMC Corporation (NYSE:FMC) VP Andrea E. Utecht sold 14,174 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the transaction, the vice president now owns 131,639 shares of the company’s stock, valued at $11,057,676. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
FMC Corporation (FMC) opened at 86.22 on Friday. FMC Corporation has a 12-month low of $44.40 and a 12-month high of $88.19. The firm has a 50-day moving average of $81.18 and a 200 day moving average of $72.53. The company has a market capitalization of $11.56 billion, a PE ratio of 255.85 and a beta of 1.62.
FMC Corporation (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The business had revenue of $656.80 million for the quarter, compared to analysts’ expectations of $614.01 million. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that FMC Corporation will post $2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, September 28th. FMC Corporation’s dividend payout ratio (DPR) is presently 188.58%.
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A number of equities analysts have recently commented on FMC shares. Jefferies Group LLC restated a “buy” rating on shares of FMC Corporation in a research note on Wednesday, May 24th. Royal Bank Of Canada restated a “buy” rating and set a $83.00 price objective on shares of FMC Corporation in a research note on Monday, June 5th. Bank of America Corporation upgraded shares of FMC Corporation from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $103.00 in a research note on Thursday. BMO Capital Markets increased their price objective on shares of FMC Corporation from $75.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Finally, Credit Suisse Group set a $85.00 price objective on shares of FMC Corporation and gave the stock a “buy” rating in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. FMC Corporation currently has an average rating of “Buy” and a consensus price target of $84.49.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMC. LS Investment Advisors LLC boosted its position in FMC Corporation by 1.1% in the first quarter. LS Investment Advisors LLC now owns 6,298 shares of the basic materials company’s stock worth $438,000 after buying an additional 67 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in FMC Corporation by 0.5% in the first quarter. Mutual of America Capital Management LLC now owns 16,111 shares of the basic materials company’s stock worth $1,121,000 after buying an additional 88 shares during the last quarter. Meeder Asset Management Inc. boosted its position in FMC Corporation by 0.7% in the first quarter. Meeder Asset Management Inc. now owns 13,542 shares of the basic materials company’s stock worth $942,000 after buying an additional 97 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in FMC Corporation by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,569 shares of the basic materials company’s stock worth $232,000 after buying an additional 141 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in FMC Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 13,345 shares of the basic materials company’s stock worth $929,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.
FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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