Insider Selling: FMC (NYSE:FMC) Insider Sells $15,987.78 in Stock

Key Points

• FMC insider Nicholas Pfeiffer sold 1,251 shares for approximately $15,988, reducing his direct ownership by 4.2% to 28,513 shares.
• FMC shares traded at $12.11, near the lower end of their one-year range. The company beat quarterly EPS estimates, but revenue fell 17.5% year over year and net margin remained deeply negative.
• Analysts maintain a consensus “Hold” rating with a $14.25 price target, while FMC declared a quarterly dividend of $0.08 per share, representing a 2.6% annualized yield.

FMC Corporation (NYSE:FMC - Get Free Report) insider Nicholas Pfeiffer sold 1,251 shares of FMC stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $12.78, for a total value of $15,987.78. Following the sale, the insider directly owned 28,513 shares in the company, valued at approximately $364,396.14. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FMC Stock Performance

FMC stock traded down $0.18 on Thursday, hitting $12.11. The company's stock had a trading volume of 2,100,126 shares, compared to its average volume of 3,811,272. The firm has a market cap of $1.52 billion, a P/E ratio of -0.55 and a beta of 0.41. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. FMC Corporation has a one year low of $9.94 and a one year high of $38.68. The company has a fifty day moving average price of $11.18 and a 200-day moving average price of $13.06.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The company had revenue of $841.40 million for the quarter, compared to analyst estimates of $895.14 million. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue was down 17.5% compared to the same quarter last year. On average, equities analysts anticipate that FMC Corporation will post 1.27 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 30th. FMC's dividend payout ratio (DPR) is currently -1.45%.

Hedge Funds Weigh In On FMC

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in FMC by 1,022.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,861,482 shares of the basic materials company's stock valued at $21,407,000 after acquiring an additional 1,695,683 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of FMC in the second quarter worth $8,498,000. AXQ Capital LP increased its position in shares of FMC by 109.9% in the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company's stock worth $4,217,000 after purchasing an additional 191,945 shares during the period. Wellington Management Group LLP raised its stake in FMC by 142.4% in the second quarter. Wellington Management Group LLP now owns 235,089 shares of the basic materials company's stock valued at $2,704,000 after purchasing an additional 138,098 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in FMC in the second quarter valued at about $1,175,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of FMC from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, July 31st. The Goldman Sachs Group restated a "buy" rating and issued a $18.00 target price on shares of FMC in a research note on Friday, July 31st. Morgan Stanley cut their price target on FMC from $15.50 to $12.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Zacks Research cut shares of FMC from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.25.

About FMC

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.

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