FMC Co. (NYSE:FMC) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its position in FMC Co. (NYSE:FMC) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,118 shares of the basic materials company’s stock after acquiring an additional 1,931 shares during the period. Kingswood Wealth Advisors LLC’s holdings in FMC were worth $449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in FMC during the fourth quarter worth about $215,051,000. Wellington Management Group LLP raised its holdings in FMC by 17.7% during the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after purchasing an additional 1,634,535 shares in the last quarter. Morgan Stanley raised its holdings in FMC by 80.7% during the fourth quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after purchasing an additional 1,142,531 shares in the last quarter. Manning & Napier Group LLC raised its holdings in FMC by 58.9% during the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in FMC by 175.2% during the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after purchasing an additional 532,158 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Up 0.4 %

FMC stock opened at $62.70 on Thursday. FMC Co. has a 12 month low of $49.49 and a 12 month high of $125.20. The company’s 50 day simple moving average is $57.81 and its 200-day simple moving average is $59.46. The firm has a market capitalization of $7.83 billion, a PE ratio of 5.95, a P/E/G ratio of 2.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $2.37 EPS. Equities analysts expect that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.70%. FMC’s dividend payout ratio (DPR) is currently 22.03%.

Analysts Set New Price Targets

FMC has been the topic of several recent analyst reports. Roth Mkm initiated coverage on shares of FMC in a research report on Thursday, January 4th. They set a “buy” rating and a $74.00 target price on the stock. Mizuho lowered their target price on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Loop Capital upped their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets lowered their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Finally, UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.56.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

FMC 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 includes 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.