Commerce Bank Raises Stock Position in FMC Co. (NYSE:FMC)

Commerce Bank raised its stake in shares of FMC Co. (NYSE:FMC) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,135 shares of the basic materials company’s stock after purchasing an additional 183 shares during the period. Commerce Bank’s holdings in FMC were worth $339,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FMC. Mather Group LLC. lifted its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after buying an additional 396 shares in the last quarter. LRI Investments LLC purchased a new position in shares of FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. boosted its stake in shares of FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of FMC during the third quarter worth approximately $51,000. Finally, GAMMA Investing LLC lifted its holdings in FMC by 120.9% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 503 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

NYSE:FMC opened at $59.97 on Wednesday. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a 50 day moving average price of $61.69 and a 200 day moving average price of $60.74. The stock has a market capitalization of $7.49 billion, a P/E ratio of 5.16, a PEG ratio of 1.55 and a beta of 0.85.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Equities research analysts forecast that FMC Co. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

FMC has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. KeyCorp lowered their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets increased their price target on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.00.

Insider Activity at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

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.