Signaturefd LLC Buys 1,695 Shares of FMC Co. (NYSE:FMC)

Signaturefd LLC increased its stake in FMC Co. (NYSE:FMC) by 78.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,845 shares of the basic materials company’s stock after buying an additional 1,695 shares during the quarter. Signaturefd LLC’s holdings in FMC were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Wellington Management Group LLP grew its position in shares of FMC by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after acquiring an additional 1,634,535 shares during the period. Manning & Napier Group LLC raised its stake in FMC by 58.9% in the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after buying an additional 833,845 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of FMC by 175.2% in the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after buying an additional 532,158 shares during the last quarter. Invesco Ltd. boosted its stake 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 worth $118,166,000 after acquiring an additional 484,500 shares during the period. Finally, Tweedy Browne Co LLC increased its holdings in shares of FMC by 43.2% during the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock worth $96,692,000 after acquiring an additional 435,404 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the purchase, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.

FMC Trading Up 1.1 %

Shares of FMC stock opened at $58.46 on Friday. The firm’s 50-day moving average price is $59.45 and its two-hundred day moving average price is $58.06. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.88 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. FMC Co. has a 12-month low of $49.49 and a 12-month high of $124.61.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) 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 net margin of 29.45% and a return on equity of 12.98%. During the same period last year, the business earned $2.37 earnings per share. On average, analysts forecast that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, March 27th. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FMC shares. Wolfe Research started coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating for the company. BMO Capital Markets cut their price objective on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th. Royal Bank of Canada lowered their target price on FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $57.00 in a report on Tuesday, January 16th. Finally, StockNews.com lowered FMC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.75.

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.