Jones Financial Companies Lllp Raises Stock Holdings in FMC Corporation $FMC

Jones Financial Companies Lllp increased its stake in shares of FMC Corporation (NYSE:FMC) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 728,716 shares of the basic materials company’s stock after purchasing an additional 43,275 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.58% of FMC worth $24,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of FMC by 290.5% during the third quarter. SG Americas Securities LLC now owns 97,781 shares of the basic materials company’s stock worth $3,288,000 after buying an additional 72,743 shares in the last quarter. Roffman Miller Associates Inc. PA acquired a new stake in FMC during the third quarter worth approximately $2,245,000. State of Tennessee Department of Treasury grew its stake in FMC by 45.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock worth $2,401,000 after acquiring an additional 17,878 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in FMC in the 2nd quarter valued at $606,000. Finally, Focus Partners Wealth raised its holdings in FMC by 137.7% in the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock valued at $904,000 after acquiring an additional 12,414 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Up 2.4%

NYSE FMC opened at $16.02 on Wednesday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -3.78, a PEG ratio of 0.93 and a beta of 0.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.40. FMC Corporation has a one year low of $12.17 and a one year high of $55.21. The company’s 50 day moving average price is $14.44 and its 200 day moving average price is $25.32.

FMC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 31st. FMC’s dividend payout ratio is -7.55%.

Insider Transactions at FMC

In related news, Director John Mitchell Raines acquired 7,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $13.77 per share, with a total value of $96,390.00. Following the completion of the transaction, the director directly owned 13,784 shares of the company’s stock, valued at $189,805.68. This trade represents a 103.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FMC shares. Wells Fargo & Company began coverage on FMC in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $16.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of FMC in a report on Monday, December 29th. Zacks Research raised shares of FMC from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Wall Street Zen cut shares of FMC from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Barclays lowered shares of FMC from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.92.

About FMC

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.