FMC Co. (NYSE:FMC) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of FMC Co. (NYSE:FMC) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 389,700 shares of the basic materials company’s stock after selling 11,500 shares during the quarter. Swiss National Bank’s holdings in FMC were worth $24,571,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CVA Family Office LLC purchased a new position in FMC during the 4th quarter valued at about $31,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of FMC during the third quarter worth about $33,000. Financial Connections Group Inc. purchased a new position in shares of FMC in the fourth quarter valued at approximately $31,000. Spire Wealth Management grew its holdings in shares of FMC by 143.1% in the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in FMC by 50.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after buying an additional 228 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent research reports. UBS Group raised FMC from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Royal Bank of Canada reduced their price target on FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Mizuho boosted their price objective on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wolfe Research initiated coverage on shares of FMC in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Loop Capital boosted 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.69.

Insider Buying and Selling

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

FMC Stock Down 2.9 %

FMC stock opened at $64.83 on Thursday. The stock has a 50-day simple moving average of $60.99 and a 200-day simple moving average of $57.84. The company has a market capitalization of $8.09 billion, a P/E ratio of 6.16, a PEG ratio of 1.99 and a beta of 0.88. 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 Co. has a fifty-two week low of $49.49 and a fifty-two week high of $112.10.

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

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.58%. FMC’s 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.