The FMC Corp (FMC) Director Sells $218,190.00 in Stock

The FMC Corp (FMC) Director Sells $218,190.00 in Stock

FMC Corp (NYSE FMC) opened at 76.47 on Monday. FMC Corp has a one year low of $41.80 and a one year high of $76.68. The firm’s 50 day moving average price is $73.86 and its 200-day moving average price is $63.30. The firm has a market cap of $10.25 billion, a PE ratio of 286.40 and a beta of 1.66.

FMC Corp (NYSE:FMC) Director William Howard Powell sold 3,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $72.73, for a total value of $218,190.00. Following the completion of the sale, the director now owns 17,554 shares in the company, valued at approximately $1,276,702.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FMC Corp (NYSE:FMC) last announced its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.13. The firm had revenue of $596 million for the quarter, compared to analysts’ expectations of $742.50 million. FMC Corp had a return on equity of 18.60% and a net margin of 6.37%. Equities analysts predict that FMC Corp will post $2.44 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, June 28th. FMC Corp’s dividend payout ratio (DPR) is 42.31%.

FMC Corp (NYSE:FMC) last announced its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.13. The firm had revenue of $596 million for the quarter, compared to analysts’ expectations of $742.50 million. FMC Corp had a return on equity of 18.60% and a net margin of 6.37%. Equities analysts predict that FMC Corp will post $2.44 EPS for the current fiscal year. Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of FMC Corp by 4.1% in the first quarter. Vanguard Group Inc. now owns 13,437,788 shares of the basic materials company’s stock valued at $935,135,000 after buying an additional 527,494 shares during the period. Glenview Capital Management LLC raised its stake in shares of FMC Corp by 10.8% in the first quarter. Glenview Capital Management LLC now owns 10,577,624 shares of the basic materials company’s stock valued at $736,097,000 after buying an additional 1,029,806 shares during the period. BlackRock Inc. raised its stake in FMC Corp by 2,944.3% in the first quarter. BlackRock Inc. now owns 8,723,379 shares of the basic materials company’s stock worth $607,062,000 after buying an additional 8,436,830 shares during the last quarter. King Luther Capital Management Corp raised its stake in FMC Corp by 1.3% in the first quarter. King Luther Capital Management Corp now owns 2,899,596 shares of the basic materials company’s stock worth $201,783,000 after buying an additional 38,036 shares during the last quarter. Finally, Credit Suisse AG raised its stake in FMC Corp by 18.0% in the third quarter. Credit Suisse AG now owns 2,549,330 shares of the basic materials company’s stock worth $123,234,000 after buying an additional 389,523 shares during the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $71.00 price target on shares of FMC Corp in a research report on Tuesday, March 28th. Instinet increased their price target on FMC Corp from $57.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. Longbow Research upgraded FMC Corp from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, February 8th. Piper Jaffray Companies increased their price target on FMC Corp from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. Finally, Zacks Investment Research downgraded FMC Corp from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $74.16. FMC Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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