FMC Co. (NYSE:FMC) Shares Acquired by Norinchukin Bank The

Norinchukin Bank The increased its stake in shares of FMC Co. (NYSE:FMC) by 22.8% in the 4th quarter, HoldingsChannel reports. The firm owned 7,392 shares of the basic materials company’s stock after buying an additional 1,374 shares during the quarter. Norinchukin Bank The’s holdings in FMC were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ossiam increased its position in FMC by 74.4% during the fourth quarter. Ossiam now owns 6,858 shares of the basic materials company’s stock worth $333,000 after buying an additional 2,926 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock valued at $111,131,000 after acquiring an additional 707,727 shares during the last quarter. First Trust Advisors LP increased its position in FMC by 3.2% during the 4th quarter. First Trust Advisors LP now owns 704,549 shares of the basic materials company’s stock worth $34,248,000 after purchasing an additional 21,843 shares in the last quarter. Forum Financial Management LP acquired a new position in FMC in the 4th quarter valued at about $229,000. Finally, GeoWealth Management LLC lifted its holdings in FMC by 49.4% in the 4th quarter. GeoWealth Management LLC now owns 7,299 shares of the basic materials company’s stock valued at $355,000 after purchasing an additional 2,414 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $39.39 on Wednesday. The firm has a fifty day moving average of $39.06 and a 200-day moving average of $49.43. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.72. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.92 billion, a P/E ratio of 14.48, a PEG ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. Citigroup boosted their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. KeyCorp decreased their price objective on FMC from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Bank of America reiterated an “underperform” rating and set a $48.00 target price (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Finally, UBS Group cut FMC from a “buy” rating to a “neutral” rating and lowered their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, FMC has a consensus rating of “Hold” and an average price target of $48.69.

Insider Buying and Selling at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

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.