FMC Corporation (FMC) Director Dirk A. Kempthorne Buys 219 Shares
FMC Corporation (NYSE:FMC) Director Dirk A. Kempthorne acquired 219 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $89.77 per share, for a total transaction of $19,659.63. Following the acquisition, the director now directly owns 31,538 shares of the company’s stock, valued at approximately $2,831,166.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of FMC Corporation (FMC) traded down 0.28% during midday trading on Friday, reaching $89.56. 1,362,887 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $84.25 and a 200-day moving average of $74.45. The stock has a market capitalization of $12.01 billion, a P/E ratio of 265.76 and a beta of 1.60. FMC Corporation has a 12-month low of $45.77 and a 12-month high of $90.68.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The firm had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts anticipate that FMC Corporation will post $2.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. FMC Corporation’s dividend payout ratio is presently 188.58%.
Several equities analysts have recently weighed in on the stock. Robert W. Baird reiterated a “hold” rating and set a $86.00 price objective on shares of FMC Corporation in a report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price objective on shares of FMC Corporation in a report on Tuesday, September 5th. Susquehanna Bancshares Inc upped their price objective on shares of FMC Corporation from $86.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, August 8th. Bank of America Corporation upgraded shares of FMC Corporation from an “underperform” rating to a “buy” rating and upped their price objective for the company from $66.00 to $103.00 in a report on Thursday, August 31st. Finally, Instinet upgraded shares of FMC Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $97.00 in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $85.04.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aviance Capital Management LLC bought a new stake in FMC Corporation during the first quarter valued at approximately $200,000. United Capital Financial Advisers LLC bought a new stake in FMC Corporation during the first quarter valued at approximately $202,000. Cleararc Capital Inc. bought a new stake in FMC Corporation during the first quarter valued at approximately $226,000. Virginia Retirement Systems ET AL bought a new stake in FMC Corporation during the first quarter valued at approximately $230,000. Finally, South Texas Money Management Ltd. bought a new stake in FMC Corporation during the first quarter valued at approximately $232,000. 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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