FMC Co. (NYSE:FMC) Shares Purchased by Weybosset Research & Management LLC

Weybosset Research & Management LLC grew its stake in FMC Co. (NYSE:FMC) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,521 shares of the basic materials company’s stock after buying an additional 7,096 shares during the period. FMC accounts for 2.6% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 17th largest holding. Weybosset Research & Management LLC owned about 0.09% of FMC worth $6,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. North Point Portfolio Managers Corp OH raised its position in FMC by 67.3% in the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock valued at $7,473,000 after purchasing an additional 47,697 shares during the last quarter. Raymond James & Associates boosted its stake in shares of FMC by 0.5% during the fourth quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock worth $7,262,000 after buying an additional 610 shares during the period. Manning & Napier Group LLC grew its holdings in shares of FMC by 58.9% during the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after buying an additional 833,845 shares during the last quarter. Invesco Ltd. increased its position in 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, Nordea Investment Management AB raised its stake in FMC by 15.4% during the 3rd quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company’s stock valued at $950,000 after acquiring an additional 1,889 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent research reports. KeyCorp boosted their target price on FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Mizuho cut their price objective on shares of FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. StockNews.com cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Bank of America lowered shares of 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 note on Tuesday, January 16th. Finally, Wolfe Research began coverage on shares of FMC in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.75.

FMC Price Performance

FMC stock traded up $1.75 during trading hours on Monday, hitting $60.21. The stock had a trading volume of 1,641,725 shares, compared to its average volume of 1,942,277. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.88 and a beta of 0.87. 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 Co. has a 1-year low of $49.49 and a 1-year high of $124.61. The stock’s fifty day moving average is $59.61 and its two-hundred day moving average is $57.97.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business 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 period in the previous year, the company posted $2.37 earnings per share. As a group, analysts predict that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 3.85%. FMC’s dividend payout ratio is currently 22.03%.

Insider Activity at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,966,211.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by corporate insiders.

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.