FMC Co. (NYSE:FMC) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in shares of FMC Co. (NYSE:FMC) by 146.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,980 shares of the basic materials company’s stock after buying an additional 36,196 shares during the period. DekaBank Deutsche Girozentrale’s holdings in FMC were worth $3,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Steward Partners Investment Advisory LLC lifted its position in FMC by 68.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC acquired a new stake in FMC in the fourth quarter worth approximately $31,000. Quintet Private Bank Europe S.A. acquired a new stake in FMC in the third quarter worth approximately $33,000. Spire Wealth Management lifted its position in FMC by 143.1% in the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 299 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 228 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.

FMC Stock Down 7.8 %

NYSE FMC opened at $56.75 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The firm has a 50-day simple moving average of $58.61 and a 200 day simple moving average of $58.59. FMC Co. has a twelve month low of $49.49 and a twelve month high of $125.20. The stock has a market cap of $7.08 billion, a PE ratio of 5.39, a PEG ratio of 2.00 and a beta of 0.87.

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

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.09%. The ex-dividend date is Wednesday, March 27th. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Roth Mkm started coverage on FMC in a research report on Thursday, January 4th. They issued a “buy” rating and a $74.00 target price for the company. UBS Group raised FMC from a “neutral” rating to a “buy” rating and upped their price target for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. KeyCorp upped their price target on FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday. Mizuho dropped 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. Finally, StockNews.com raised FMC from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and an average target price of $71.75.

About FMC

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.