Sherbrooke Park Advisers LLC Purchases 3,223 Shares of FMC Co. (NYSE:FMC)

Sherbrooke Park Advisers LLC increased its position in shares of FMC Co. (NYSE:FMC) by 49.8% during the 4th quarter, Holdings Channel reports. The firm owned 9,692 shares of the basic materials company’s stock after acquiring an additional 3,223 shares during the period. Sherbrooke Park Advisers LLC’s holdings in FMC were worth $471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of FMC during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the 4th quarter valued at $37,000. IFP Advisors Inc raised its position in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. raised its position in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Ronaldo Pereira purchased 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

FMC Stock Performance

FMC stock opened at $40.03 on Friday. The company’s 50-day moving average price is $39.16 and its 200-day moving average price is $46.49. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.55. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.00 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The firm had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. During the same period in the previous year, the firm posted $0.36 EPS. The business’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.80%. FMC’s dividend payout ratio (DPR) is presently 88.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FMC. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. The Goldman Sachs Group began coverage on shares of FMC in a report on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target on the stock. Barclays reduced their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. BMO Capital Markets reduced their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Bank of America reiterated an “underperform” rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.46.

About FMC

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.