FMC Co. (NYSE:FMC) Shares Acquired by tru Independence LLC

tru Independence LLC lifted its holdings in shares of FMC Co. (NYSE:FMC) by 28.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,090 shares of the basic materials company’s stock after acquiring an additional 23,360 shares during the quarter. FMC comprises approximately 1.6% of tru Independence LLC’s holdings, making the stock its 25th biggest holding. tru Independence LLC owned approximately 0.08% of FMC worth $5,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp lifted its stake in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. lifted its position in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. lifted its position in FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of FMC during the third quarter worth $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC during the third quarter worth $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FMC shares. Bank of America upgraded shares of FMC from an “underperform” rating to a “neutral” rating and cut their price objective for the stock from $63.00 to $61.00 in a report on Tuesday, January 14th. UBS Group cut their price target on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Citigroup cut their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada upped their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Mizuho cut their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.25.

FMC Price Performance

Shares of FMC opened at $55.99 on Monday. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a one year low of $47.71 and a one year high of $68.72. The stock’s fifty day moving average is $53.75 and its 200-day moving average is $59.00.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts anticipate that FMC Co. will post 3.34 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio is presently 19.97%.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.85% of the company’s stock.

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.