Garrison Point Advisors LLC bought a new position in shares of FMC Corp (NYSE:FMC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,030 shares of the basic materials company’s stock, valued at approximately $203,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of FMC. Wealthfront Advisers LLC grew its stake in shares of FMC by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 3,865 shares of the basic materials company’s stock valued at $339,000 after buying an additional 136 shares in the last quarter. Keybank National Association OH raised its holdings in shares of FMC by 3.1% in the 3rd quarter. Keybank National Association OH now owns 5,501 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 163 shares during the period. Sciencast Management LP raised its holdings in shares of FMC by 5.6% in the 4th quarter. Sciencast Management LP now owns 3,800 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 200 shares during the period. Ellevest Inc. lifted its stake in FMC by 91.2% in the 2nd quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 218 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA raised its stake in FMC by 130.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 397 shares of the basic materials company’s stock valued at $34,000 after buying an additional 225 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.
NYSE FMC traded down $1.27 during trading on Friday, reaching $95.63. The company’s stock had a trading volume of 29,870 shares, compared to its average volume of 708,540. The firm has a 50 day moving average price of $99.31 and a 200 day moving average price of $90.78. FMC Corp has a 12 month low of $70.62 and a 12 month high of $101.95. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.51. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.76 dividend on an annualized basis and a yield of 1.84%. This is an increase from FMC’s previous quarterly dividend of $0.40. FMC’s dividend payout ratio is currently 27.98%.
In other FMC news, insider Nicholas Pfeiffer sold 3,379 shares of FMC stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $98.93, for a total value of $334,284.47. Following the completion of the transaction, the insider now directly owns 10,925 shares of the company’s stock, valued at approximately $1,080,810.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pierre R. Brondeau sold 312,156 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $98.76, for a total value of $30,828,526.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,273 shares of company stock worth $33,559,428. Corporate insiders own 1.50% of the company’s stock.
A number of research firms recently weighed in on FMC. SunTrust Banks boosted their target price on FMC from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wells Fargo & Co raised their price target on FMC from $107.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Zacks Investment Research cut shares of FMC from a “hold” rating to a “sell” rating and set a $87.00 price objective for the company. in a research report on Wednesday, October 16th. Robert W. Baird upgraded shares of FMC from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $86.00 to $95.00 in a research note on Wednesday, October 16th. Finally, Buckingham Research increased their price target on shares of FMC from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $100.47.
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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