Inceptionr LLC Invests $1.41 Million in FMC Co. (NYSE:FMC)

Inceptionr LLC bought a new stake in shares of FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,044 shares of the basic materials company’s stock, valued at approximately $1,412,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of FMC in the fourth quarter worth about $5,573,000. Arizona State Retirement System grew its position in FMC by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock worth $1,761,000 after acquiring an additional 285 shares during the period. Proficio Capital Partners LLC purchased a new position in FMC in the fourth quarter worth approximately $1,505,000. Charles Schwab Investment Management Inc. grew its position in FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after acquiring an additional 28,059 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of FMC by 50.7% during the fourth quarter. Jones Financial Companies Lllp now owns 427,256 shares of the basic materials company’s stock worth $20,769,000 after buying an additional 143,770 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Up 7.9 %

Shares of NYSE FMC opened at $39.48 on Thursday. The company’s 50 day simple moving average is $45.98 and its 200 day simple moving average is $55.43. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The firm has a market capitalization of $4.93 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

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

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.88%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is 85.29%.

Insider Buying and Selling at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FMC. KeyCorp cut their price target on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Citigroup boosted their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group downgraded FMC from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $52.23.

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.