Raymond James Financial Services Advisors Inc. lowered its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 29.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,405 shares of the basic materials company’s stock after selling 4,864 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FMC were worth $1,205,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of FMC. West Financial Advisors LLC bought a new stake in FMC during the third quarter worth about $28,000. Private Trust Co. NA bought a new stake in FMC during the second quarter worth about $28,000. Alpha Paradigm Partners LLC bought a new position in shares of FMC in the second quarter worth approximately $31,000. American National Bank bought a new position in shares of FMC in the third quarter worth approximately $40,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of FMC by 99.4% in the first quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock worth $47,000 after buying an additional 175 shares in the last quarter. Institutional investors own 88.28% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FMC. Wells Fargo & Company upped their target price on shares of FMC from $141.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, January 9th. Mizuho upped their target price on shares of FMC from $145.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, January 12th. StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Royal Bank of Canada upped their target price on shares of FMC from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. Finally, Morgan Stanley raised shares of FMC from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $125.00 to $145.00 in a report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, FMC currently has an average rating of “Moderate Buy” and a consensus price target of $138.82.
Insider Buying and Selling at FMC
FMC Stock Up 1.3 %
Shares of FMC stock opened at $128.20 on Friday. FMC Co. has a 12 month low of $98.24 and a 12 month high of $140.99. The stock has a market cap of $16.15 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.56 and a beta of 0.84. The company has a current ratio of 1.41, a quick ratio of 0.93 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $127.17 and a two-hundred day simple moving average of $116.63.
FMC (NYSE:FMC – Get Rating) last announced its earnings results on Tuesday, November 1st. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. FMC had a net margin of 11.72% and a return on equity of 29.34%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. On average, research analysts expect that FMC Co. will post 7.38 earnings per share for the current year.
FMC Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, December 30th were issued a dividend of $0.58 per share. This is a boost from FMC’s previous quarterly dividend of $0.53. This represents a $2.32 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 29th. FMC’s dividend payout ratio is currently 44.87%.
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 include 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.
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