SG Americas Securities LLC bought a new position in shares of FMC Co. (NYSE:FMC – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,931 shares of the basic materials company’s stock, valued at approximately $733,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMC. Private Trust Co. NA bought a new stake in shares of FMC during the 2nd quarter worth approximately $28,000. West Financial Advisors LLC purchased a new position in shares of FMC in the 3rd quarter valued at about $28,000. Alpha Paradigm Partners LLC purchased a new position in shares of FMC in the 2nd quarter valued at about $31,000. Parkside Financial Bank & Trust increased its stake in shares of FMC by 99.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 175 shares in the last quarter. Finally, American National Bank purchased a new position in shares of FMC in the 3rd quarter valued at about $40,000. 88.28% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on FMC shares. Royal Bank of Canada upped their price target on FMC from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. KeyCorp lifted their price target on shares of FMC from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 12th. Loop Capital upgraded shares of FMC from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $149.00 in a research report on Tuesday, November 15th. Finally, Citigroup lifted their price target on shares of FMC from $138.00 to $148.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, FMC has a consensus rating of “Moderate Buy” and an average price target of $138.82.
FMC Stock Up 1.3 %
Shares of NYSE:FMC opened at $128.20 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.41. The company has a market cap of $16.15 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. FMC Co. has a 52 week low of $98.24 and a 52 week high of $140.99. The firm has a 50 day simple moving average of $127.17 and a 200 day simple moving average of $116.63.
FMC (NYSE:FMC – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. FMC had a net margin of 11.72% and a return on equity of 29.34%. As a group, research analysts expect that FMC Co. will post 7.38 earnings per share for the current year.
FMC Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Friday, December 30th were issued a dividend of $0.58 per share. This is an increase from FMC’s previous quarterly dividend of $0.53. This represents a $2.32 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, December 29th. FMC’s dividend payout ratio is currently 44.87%.
Insider Buying and Selling
In other news, EVP Michael Finian Reilly sold 4,502 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total transaction of $571,528.90. Following the completion of the transaction, the executive vice president now directly owns 18,354 shares of the company’s stock, valued at approximately $2,330,040.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Nicholas Pfeiffer sold 500 shares of FMC stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $132.56, for a total transaction of $66,280.00. Following the completion of the sale, the insider now owns 11,222 shares in the company, valued at approximately $1,487,588.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 4,502 shares of FMC stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $126.95, for a total transaction of $571,528.90. Following the sale, the executive vice president now owns 18,354 shares of the company’s stock, valued at approximately $2,330,040.30. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.
FMC Company Profile
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.
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