Sandy Spring Bank Purchases 2,253 Shares of FMC Corp (NYSE:FMC)

Sandy Spring Bank grew its position in FMC Corp (NYSE:FMC) by 19.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,829 shares of the basic materials company’s stock after acquiring an additional 2,253 shares during the period. Sandy Spring Bank’s holdings in FMC were worth $1,147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in FMC. Huntington National Bank raised its position in FMC by 754.1% during the 2nd quarter. Huntington National Bank now owns 316 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 279 shares during the last quarter. Squar Milner Financial Services LLC raised its position in FMC by 51.4% during the 2nd quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its position in FMC by 128.6% during the 1st quarter. Global Retirement Partners LLC now owns 455 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 256 shares during the last quarter. Pennsylvania Trust Co bought a new position in FMC during the 1st quarter worth $48,000. Finally, AdvisorNet Financial Inc bought a new position in FMC during the 2nd quarter worth $80,000. Institutional investors own 90.89% of the company’s stock.

Shares of FMC stock traded up $0.11 during mid-day trading on Thursday, hitting $83.94. The company’s stock had a trading volume of 9,315 shares, compared to its average volume of 1,064,154. The stock’s fifty day simple moving average is $84.67. FMC Corp has a 52 week low of $69.36 and a 52 week high of $92.76. The company has a current ratio of 1.27, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The company has a market cap of $11.16 billion, a P/E ratio of 13.37, a PEG ratio of 1.43 and a beta of 1.49.



FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. On average, equities analysts forecast that FMC Corp will post 5.8 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. FMC’s dividend payout ratio is presently 25.44%.

Several brokerages recently issued reports on FMC. SunTrust Banks raised their target price on FMC to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Nomura raised their target price on FMC from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America lowered FMC from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. Credit Suisse Group lifted their price objective on FMC from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley began coverage on FMC in a research report on Monday, May 20th. They issued an “equal weight” rating and a $82.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $96.85.

In other news, CEO Pierre R. Brondeau sold 33,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $73.09, for a total value of $2,411,970.00. Following the completion of the sale, the chief executive officer now directly owns 284,814 shares in the company, valued at approximately $20,817,055.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas Pfeiffer sold 2,446 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $80.67, for a total value of $197,318.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 231,912 shares of company stock valued at $20,075,116. 1.50% of the stock is currently owned by company insiders.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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