Tandem Investment Advisors Inc. lowered its holdings in shares of FMC Corp (NYSE:FMC) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the basic materials company’s stock after selling 2,600 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in FMC were worth $346,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its position in shares of FMC by 1,550.9% in the 1st quarter. Chartwell Investment Partners LLC now owns 222,712 shares of the basic materials company’s stock worth $17,109,000 after acquiring an additional 209,222 shares in the last quarter. DNB Asset Management AS grew its stake in FMC by 35.1% during the 1st quarter. DNB Asset Management AS now owns 30,965 shares of the basic materials company’s stock worth $2,379,000 after buying an additional 8,043 shares during the last quarter. State of Alaska Department of Revenue grew its stake in FMC by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 24,497 shares of the basic materials company’s stock worth $1,880,000 after buying an additional 366 shares during the last quarter. Machina Capital S.A.S. purchased a new position in FMC during the 4th quarter worth $436,000. Finally, Norges Bank purchased a new position in FMC during the 4th quarter worth $64,447,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.
FMC has been the topic of several research analyst reports. Stephens set a $95.00 target price on FMC and gave the stock a “buy” rating in a research note on Thursday, February 28th. ValuEngine upgraded FMC from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Loop Capital set a $102.00 target price on FMC and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp dropped their target price on FMC from $112.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $98.00.
In related news, CEO Pierre R. Brondeau sold 94,424 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $84.34, for a total value of $7,963,720.16. Following the completion of the transaction, the chief executive officer now owns 312,861 shares of the company’s stock, valued at approximately $26,386,696.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrea E. Utecht sold 30,464 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $84.39, for a total value of $2,570,856.96. Following the completion of the transaction, the vice president now directly owns 104,231 shares of the company’s stock, valued at approximately $8,796,054.09. The disclosure for this sale can be found here. In the last three months, insiders sold 131,880 shares of company stock valued at $11,144,839. Insiders own 1.50% of the company’s stock.
FMC stock traded down $0.42 during trading hours on Monday, hitting $79.55. 8,128 shares of the stock traded hands, compared to its average volume of 944,983. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.35. The company has a market cap of $10.54 billion, a PE ratio of 12.64, a PEG ratio of 1.31 and a beta of 1.48. FMC Corp has a 1 year low of $69.36 and a 1 year high of $92.95.
FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. FMC had a return on equity of 27.73% and a net margin of 10.62%. During the same quarter in the previous year, the business earned $1.10 EPS. As a group, analysts predict that FMC Corp will post 5.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. FMC’s dividend payout ratio (DPR) is presently 25.44%.
TRADEMARK VIOLATION NOTICE: “FMC Corp (FMC) Shares Sold by Tandem Investment Advisors Inc.” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2019/04/15/fmc-corp-fmc-shares-sold-by-tandem-investment-advisors-inc.html.
FMC Company Profile
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
Recommended Story: What does cost of debt say about a company’s financial health?
Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corp (NYSE:FMC).
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.