Kingswood Wealth Advisors LLC Has $449,000 Position in FMC Co. (NYSE:FMC)

Kingswood Wealth Advisors LLC raised its position in shares of FMC Co. (NYSE:FMCFree Report) by 37.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,118 shares of the basic materials company’s stock after purchasing an additional 1,931 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in FMC were worth $449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in FMC by 68.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC acquired a new stake in FMC during the 4th quarter valued at approximately $31,000. Quintet Private Bank Europe S.A. acquired a new stake in FMC during the 3rd quarter valued at approximately $33,000. Spire Wealth Management boosted its holdings in shares of FMC by 143.1% during the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after buying an additional 299 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of FMC by 50.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

Shares of FMC opened at $62.70 on Thursday. The company has a market cap of $7.83 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $57.81 and a 200-day moving average price of $59.46. FMC Co. has a 12-month low of $49.49 and a 12-month high of $125.20.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same quarter in the previous year, the firm earned $2.37 EPS. As a group, equities analysts forecast that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.70%. FMC’s dividend payout ratio (DPR) is currently 22.03%.

Insiders Place Their Bets

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the purchase, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FMC shares. Mizuho cut their price target on FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $84.00 in a research note on Wednesday, March 20th. Loop Capital raised their target price on FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, KeyCorp decreased their price objective on FMC from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.56.

Read Our Latest Analysis on FMC

About FMC

(Free Report)

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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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