Tokio Marine Asset Management Co. Ltd. Has $207,000 Stake in FMC Co. (NYSE:FMC)

Tokio Marine Asset Management Co. Ltd. lessened its holdings in FMC Co. (NYSE:FMC) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,277 shares of the basic materials company’s stock after selling 566 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in FMC were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of FMC in the fourth quarter valued at about $31,000. Financial Connections Group Inc. acquired a new stake in FMC during the 4th quarter worth approximately $31,000. Quintet Private Bank Europe S.A. bought a new stake in FMC in the 3rd quarter valued at $33,000. Spire Wealth Management grew its holdings in FMC by 143.1% in the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after buying an additional 299 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $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.

Insiders Place Their Bets

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FMC shares. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research report on Wednesday, February 7th. Mizuho decreased their target price on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. BMO Capital Markets lowered their target price 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. UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and boosted their price target for the company from $61.00 to $84.00 in a research note on Wednesday, March 20th. Finally, Bank of America cut FMC from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.75.

FMC Price Performance

Shares of FMC opened at $58.46 on Monday. The business has a 50-day simple moving average of $59.45 and a two-hundred day simple moving average of $57.99. FMC Co. has a 12-month low of $49.49 and a 12-month high of $124.61. The stock has a market cap of $7.30 billion, a PE 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 (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) 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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $2.37 EPS. Analysts anticipate that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 3.97%. FMC’s dividend payout ratio is 22.03%.

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.