Teachers Insurance & Annuity Association of America bought a new stake in FMC Corp (NYSE:FMC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,560 shares of the basic materials company’s stock, valued at approximately $432,000.
Several other hedge funds have also recently modified their holdings of FMC. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FMC in the 4th quarter valued at about $123,000. Assetmark Inc. grew its stake in FMC by 212.2% in the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after buying an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in FMC by 256.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after buying an additional 1,246 shares during the last quarter. Roundview Capital LLC acquired a new position in FMC in the 4th quarter valued at about $204,000. Finally, Cetera Advisor Networks LLC acquired a new position in FMC in the 4th quarter valued at about $212,000. 90.53% of the stock is currently owned by institutional investors.
FMC has been the topic of a number of research reports. Credit Suisse Group set a $111.00 price target on shares of FMC and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research lowered shares of FMC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada reiterated a “buy” rating on shares of FMC in a research note on Wednesday, February 14th. TheStreet lowered shares of FMC from a “b” rating to a “c” rating in a research report on Monday, February 12th. Finally, SunTrust Banks restated a “buy” rating and set a $98.00 target price on shares of FMC in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $97.74.
NYSE FMC opened at $78.13 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11. The company has a market cap of $10,233.30, a P/E ratio of 28.83, a PEG ratio of 1.19 and a beta of 1.63. FMC Corp has a 1 year low of $69.93 and a 1 year high of $98.70.
FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. FMC had a net margin of 18.61% and a return on equity of 16.82%. The firm’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. equities analysts expect that FMC Corp will post 5.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. FMC’s dividend payout ratio is 24.35%.
In related news, insider Mark Douglas sold 10,698 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now owns 63,191 shares in the company, valued at approximately $5,333,952.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.
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FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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