State of New Jersey Common Pension Fund D Boosts Holdings in FMC Co. (NYSE:FMC)

State of New Jersey Common Pension Fund D increased its position in FMC Co. (NYSE:FMC) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,063 shares of the basic materials company’s stock after buying an additional 2,647 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of FMC worth $4,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cable Hill Partners LLC boosted its stake in FMC by 5.1% in the 3rd quarter. Cable Hill Partners LLC now owns 3,696 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 179 shares in the last quarter. Keybank National Association OH lifted its position in FMC by 4.3% in the third quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock worth $341,000 after buying an additional 208 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in FMC by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock worth $3,779,000 after purchasing an additional 210 shares during the period. AE Wealth Management LLC increased its stake in shares of FMC by 5.7% during the third quarter. AE Wealth Management LLC now owns 4,130 shares of the basic materials company’s stock valued at $277,000 after buying an additional 223 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 228 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on FMC shares. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. StockNews.com cut FMC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Royal Bank of Canada lowered their price target on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. KeyCorp upped their price objective on FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.75.

FMC Stock Up 1.1 %

Shares of NYSE:FMC traded up $0.66 during midday trading on Friday, hitting $58.46. 942,800 shares of the stock were exchanged, compared to its average volume of 1,945,983. FMC Co. has a 52-week low of $49.49 and a 52-week high of $124.61. The business’s fifty day simple moving average is $59.45 and its two-hundred day simple moving average is $58.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The company has a market capitalization of $7.30 billion, a PE ratio of 5.55, a P/E/G ratio of 1.88 and a beta of 0.87.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business earned $2.37 earnings per share. As a group, research analysts predict that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, March 27th. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, with a total value of $127,323.00. Following the acquisition, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.