South Dakota Investment Council Has $629,000 Holdings in FMC Co. (NYSE:FMC)

South Dakota Investment Council raised its holdings in shares of FMC Co. (NYSE:FMC) by 171.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,977 shares of the basic materials company’s stock after purchasing an additional 6,300 shares during the period. South Dakota Investment Council’s holdings in FMC were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FMC. Wellington Management Group LLP lifted its position in FMC by 17.7% during 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 purchasing an additional 1,634,535 shares during the period. Manning & Napier Group LLC raised its position in shares of FMC by 58.9% in the 3rd quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after acquiring an additional 833,845 shares during the period. Qube Research & Technologies Ltd raised its position in shares of FMC by 175.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after acquiring an additional 532,158 shares during the period. Invesco Ltd. raised its position in shares of FMC by 37.9% in the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after acquiring an additional 484,500 shares during the period. Finally, Tweedy Browne Co LLC raised its position in shares of FMC by 43.2% in the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock valued at $96,692,000 after acquiring an additional 435,404 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of FMC 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by company insiders.

FMC Price Performance

NYSE:FMC opened at $57.80 on Friday. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The company has a market cap of $7.21 billion, a P/E ratio of 5.49, a P/E/G ratio of 1.88 and a beta of 0.87. The firm’s fifty day moving average price is $59.33 and its two-hundred day moving average price is $58.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter in the prior year, the firm earned $2.37 earnings per share. Equities 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 was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were given a $0.58 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.01%. FMC’s payout ratio is presently 22.03%.

Analysts Set New Price Targets

FMC has been the topic of a number of analyst reports. BNP Paribas downgraded shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research report on Wednesday, February 7th. Loop Capital raised their price target on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Bank of America cut shares of FMC from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. KeyCorp raised their price target on shares of FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Wolfe Research began coverage on shares of FMC in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.