Barclays PLC Grows Position in FMC Co. (NYSE:FMC)

Barclays PLC increased its position in FMC Co. (NYSE:FMC) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,378 shares of the basic materials company’s stock after purchasing an additional 45,752 shares during the period. Barclays PLC owned 0.25% of FMC worth $20,465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of FMC by 88.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,358 shares of the basic materials company’s stock worth $353,000 after buying an additional 2,519 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in FMC by 65.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 33,530 shares of the basic materials company’s stock worth $2,211,000 after purchasing an additional 13,242 shares during the period. First National Bank of Omaha increased its stake in shares of FMC by 85.7% during the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after purchasing an additional 15,662 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of FMC by 2.4% during the third quarter. Orion Portfolio Solutions LLC now owns 14,013 shares of the basic materials company’s stock valued at $924,000 after purchasing an additional 333 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of FMC in the 3rd quarter worth approximately $285,000. Institutional investors own 91.86% of the company’s stock.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

FMC Price Performance

Shares of FMC opened at $53.50 on Friday. The firm has a fifty day simple moving average of $59.83 and a two-hundred day simple moving average of $60.17. The firm has a market cap of $6.68 billion, a PE ratio of 4.60, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities analysts anticipate that FMC Co. will post 3.35 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. FMC’s dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup started coverage on FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus target price of $68.00.

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 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.