FMC Corp (NYSE:FMC) COO Mark Douglas purchased 4,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of $86.13 per share, with a total value of $366,052.50. Following the completion of the purchase, the chief operating officer now owns 59,943 shares in the company, valued at approximately $5,162,890.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of FMC opened at $84.44 on Friday. FMC Corp has a 1-year low of $72.73 and a 1-year high of $98.70. The stock has a market cap of $11.82 billion, a P/E ratio of 31.16, a P/E/G ratio of 0.79 and a beta of 1.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.24.
FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. FMC had a net margin of 23.96% and a return on equity of 27.12%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 92.2% on a year-over-year basis. research analysts forecast that FMC Corp will post 6.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Friday, September 28th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.78%. FMC’s payout ratio is 24.35%.
Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of FMC by 4.7% in the 2nd quarter. CIBC Asset Management Inc now owns 12,777 shares of the basic materials company’s stock valued at $1,140,000 after purchasing an additional 571 shares in the last quarter. Tredje AP fonden raised its holdings in shares of FMC by 10.6% in the 1st quarter. Tredje AP fonden now owns 6,060 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 580 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of FMC by 9.4% in the 1st quarter. Moors & Cabot Inc. now owns 6,966 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 601 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of FMC by 27.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,853 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 614 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of FMC by 8.6% in the 1st quarter. D.A. Davidson & CO. now owns 8,038 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 635 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
A number of equities analysts recently commented on FMC shares. TheStreet raised shares of FMC from a “c” rating to a “b” rating in a research note on Wednesday, May 2nd. Bank of America set a $100.00 price objective on shares of FMC and gave the company a “buy” rating in a report on Friday, May 4th. Loop Capital lifted their price objective on shares of FMC to $119.00 and gave the company a “buy” rating in a report on Friday, May 4th. Credit Suisse Group set a $107.00 price objective on shares of FMC and gave the company a “buy” rating in a report on Tuesday, June 12th. Finally, Goldman Sachs Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $98.70 to $98.00 in a report on Monday, May 14th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. FMC presently has an average rating of “Buy” and an average target price of $101.93.