Sequoia Financial Advisors LLC Invests $306,000 in FMC Co. (NYSE:FMC)

Sequoia Financial Advisors LLC bought a new position in FMC Co. (NYSE:FMC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,849 shares of the basic materials company’s stock, valued at approximately $306,000.

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

FMC Trading Up 1.6 %

FMC stock opened at $56.94 on Friday. The stock has a market cap of $7.11 billion, a P/E ratio of 5.41, a PEG ratio of 1.78 and a beta of 0.87. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $124.61. The firm’s fifty day moving average price is $58.70 and its 200-day moving average price is $58.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52.

FMC (NYSE:FMC) last released its quarterly 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). 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 period in the previous year, the company posted $2.37 EPS. Equities research analysts forecast that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were issued a $0.58 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 4.07%. FMC’s payout ratio is currently 22.03%.

Insider Transactions at FMC

In related news, CFO Andrew D. Sandifer bought 2,150 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FMC. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target on the stock. in a report on Wednesday, February 7th. Loop Capital lifted their price target on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. StockNews.com cut shares of FMC from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets lowered their price target on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. Finally, UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.75.

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.