Xponance Inc. lifted its holdings in FMC Co. (NYSE:FMC – Get Rating) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,913 shares of the basic materials company’s stock after purchasing an additional 2,028 shares during the quarter. Xponance Inc.’s holdings in FMC were worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. PGGM Investments bought a new position in FMC during the third quarter valued at approximately $55,578,000. Invesco Ltd. lifted its holdings in shares of FMC by 41.5% during the 1st quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock valued at $208,094,000 after buying an additional 463,542 shares during the period. Manning & Napier Group LLC boosted its stake in shares of FMC by 30.0% in the 3rd quarter. Manning & Napier Group LLC now owns 1,727,229 shares of the basic materials company’s stock worth $182,566,000 after buying an additional 398,785 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of FMC by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,085,382 shares of the basic materials company’s stock worth $326,126,000 after acquiring an additional 386,465 shares during the period. Finally, Eaton Vance Management increased its position in FMC by 34.7% during the first quarter. Eaton Vance Management now owns 1,236,301 shares of the basic materials company’s stock valued at $162,660,000 after acquiring an additional 318,212 shares during the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Mizuho restated a “buy” rating and set a $146.00 price target on shares of FMC in a research note on Wednesday, February 8th. UBS Group upped their target price on shares of FMC from $142.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, January 11th. Redburn Partners upgraded shares of FMC from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Friday, March 17th. The Goldman Sachs Group upped their price objective on FMC from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Finally, Morgan Stanley upgraded FMC from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $125.00 to $145.00 in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, FMC has a consensus rating of “Moderate Buy” and a consensus target price of $144.08.
Insider Buying and Selling
In other FMC news, CFO Andrew D. Sandifer sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total transaction of $638,850.00. Following the completion of the transaction, the chief financial officer now owns 39,061 shares in the company, valued at approximately $4,990,823.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Ronaldo Pereira sold 1,955 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $129.29, for a total value of $252,761.95. Following the completion of the transaction, the executive vice president now owns 19,478 shares of the company’s stock, valued at approximately $2,518,310.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew D. Sandifer sold 5,000 shares of FMC stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the completion of the transaction, the chief financial officer now owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,376 shares of company stock worth $1,465,016. Corporate insiders own 0.85% of the company’s stock.
FMC Stock Down 0.9 %
NYSE FMC opened at $121.59 on Wednesday. FMC Co. has a 12 month low of $98.24 and a 12 month high of $140.99. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. The stock has a market cap of $15.22 billion, a PE ratio of 20.89, a P/E/G ratio of 1.54 and a beta of 0.82. The stock’s 50 day moving average is $125.29 and its 200 day moving average is $123.03.
FMC (NYSE:FMC – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.05. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.53 billion. FMC had a net margin of 12.69% and a return on equity of 29.29%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 earnings per share. Research analysts predict that FMC Co. will post 7.92 EPS for the current fiscal year.
FMC Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Friday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.91%. FMC’s dividend payout ratio (DPR) is 39.86%.
FMC Profile
FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.
Further Reading
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