Mutual of America Capital Management LLC Increases Stake in FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC raised its stake in shares of FMC Co. (NYSE:FMC) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,756 shares of the basic materials company’s stock after buying an additional 23,477 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FMC were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. North Point Portfolio Managers Corp OH grew its holdings in FMC by 67.3% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock valued at $7,473,000 after buying an additional 47,697 shares in the last quarter. Raymond James & Associates boosted its position in shares of FMC by 0.5% during the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after acquiring an additional 610 shares during the last quarter. Manning & Napier Group LLC boosted its position in shares of FMC by 58.9% during the 3rd quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after acquiring an additional 833,845 shares during the last quarter. Invesco Ltd. boosted its position in shares of FMC by 37.9% during the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after acquiring an additional 484,500 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of FMC by 15.4% during the 3rd quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company’s stock valued at $950,000 after acquiring an additional 1,889 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FMC. Bank of America downgraded FMC from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. Royal Bank of Canada lowered their target price on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Wolfe Research initiated coverage on FMC in a research report on Friday, March 1st. They set a “peer perform” rating for the company. KeyCorp raised their price target on FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, BNP Paribas downgraded FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, FMC has an average rating of “Hold” and an average price target of $71.75.

FMC Stock Up 1.1 %

NYSE:FMC opened at $56.06 on Thursday. FMC Co. has a twelve month low of $49.49 and a twelve month high of $125.20. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 1.83 and a beta of 0.87. The stock has a fifty day simple moving average of $58.61 and a 200-day simple moving average of $58.32. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

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 return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $2.37 earnings per share. Analysts anticipate that FMC Co. will post 3.88 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 4.14%. FMC’s dividend payout ratio (DPR) is 22.03%.

Insider Activity

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.81% of the company’s stock.

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.