International Assets Investment Management LLC Makes New $5.71 Million Investment in FMC Co. (NYSE:FMC)

International Assets Investment Management LLC bought a new position in FMC Co. (NYSE:FMC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 90,477 shares of the basic materials company’s stock, valued at approximately $5,705,000.

A number of other institutional investors have also recently modified their holdings of the stock. BSW Wealth Partners purchased a new stake in shares of FMC in the fourth quarter worth $276,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of FMC by 12.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,010 shares of the basic materials company’s stock worth $1,451,000 after acquiring an additional 2,573 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of FMC by 146.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 60,980 shares of the basic materials company’s stock worth $3,820,000 after acquiring an additional 36,196 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of FMC during the fourth quarter valued at $378,000. Finally, North Point Portfolio Managers Corp OH boosted its position in shares of FMC by 67.3% during the fourth 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 during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FMC

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

FMC Trading Up 9.5 %

NYSE FMC opened at $66.78 on Wednesday. The company’s 50-day moving average price is $60.43 and its 200-day moving average price is $57.79. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a market cap of $8.34 billion, a PE ratio of 6.34, a PEG ratio of 1.99 and a beta of 0.88. FMC Co. has a 12 month low of $49.49 and a 12 month high of $114.66.

FMC (NYSE:FMC) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm’s quarterly revenue was down 31.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 EPS. Equities research analysts forecast that FMC Co. will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is currently 22.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research report on Wednesday, February 7th. BMO Capital Markets dropped their target price on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. StockNews.com cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Mizuho raised their price objective on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus price target of $71.88.

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.