FMC Corp (NYSE:FMC) insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the transaction, the insider now owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of FMC Corp (NYSE FMC) traded up $0.56 during trading on Wednesday, hitting $90.71. 914,858 shares of the stock traded hands, compared to its average volume of 1,269,202. FMC Corp has a fifty-two week low of $56.35 and a fifty-two week high of $95.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. The firm has a market cap of $12,035.23, a PE ratio of 36.00, a price-to-earnings-growth ratio of 3.00 and a beta of 1.61.

FMC (NYSE:FMC) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The business had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. During the same quarter in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts expect that FMC Corp will post 2.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, December 28th. FMC’s payout ratio is 388.24%.

Several institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in shares of FMC by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after buying an additional 572 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after buying an additional 600 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after buying an additional 1,688 shares in the last quarter. Advisor Partners LLC acquired a new position in shares of FMC in the 3rd quarter valued at $216,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of FMC in the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 89.34% of the company’s stock.

FMC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price objective on shares of FMC in a report on Tuesday, September 5th. KeyCorp reiterated a “buy” rating and set a $98.00 price target on shares of FMC in a report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and set a $102.00 price target (up previously from $93.00) on shares of FMC in a report on Wednesday, November 8th. Finally, Nomura boosted their price target on shares of FMC from $97.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. FMC currently has an average rating of “Buy” and a consensus target price of $92.80.

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FMC 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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