FMC Co. (NYSE:FMC) Shares Acquired by Natixis

Natixis boosted its stake in shares of FMC Co. (NYSE:FMC) by 347.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,121 shares of the basic materials company’s stock after purchasing an additional 45,898 shares during the quarter. Natixis’ holdings in FMC were worth $2,874,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in FMC during the 4th quarter valued at about $49,888,000. Invesco Ltd. grew its holdings in FMC by 37.8% in the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock worth $173,008,000 after buying an additional 977,110 shares in the last quarter. Dimensional Fund Advisors LP increased its position in FMC by 44.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock valued at $111,131,000 after acquiring an additional 707,727 shares during the period. Bank of New York Mellon Corp boosted its position in FMC by 48.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock worth $101,509,000 after acquiring an additional 685,995 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in shares of FMC by 14.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company’s stock worth $90,466,000 after purchasing an additional 241,582 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other FMC news, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

FMC Stock Performance

Shares of NYSE FMC opened at $38.12 on Tuesday. The company has a market capitalization of $4.76 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC Co. has a one year low of $32.83 and a one year high of $68.72. The business’s 50-day moving average price is $39.01 and its two-hundred day moving average price is $49.50.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend was Monday, March 31st. FMC’s payout ratio is 85.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FMC shares. KeyCorp reduced their price objective on shares of FMC from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 14th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Morgan Stanley decreased their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Friday, February 14th. Finally, Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus price target of $48.69.

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.