First National Advisers LLC Has $1.40 Million Stock Holdings in FMC Co. (NYSE:FMC)

First National Advisers LLC grew its position in FMC Co. (NYSE:FMC) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,827 shares of the basic materials company’s stock after purchasing an additional 466 shares during the period. First National Advisers LLC’s holdings in FMC were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of FMC during the fourth quarter worth $214,000. Frank Rimerman Advisors LLC increased its position in shares of FMC by 8.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 6,492 shares of the basic materials company’s stock worth $316,000 after acquiring an additional 520 shares in the last quarter. Monaco Asset Management SAM bought a new stake in shares of FMC during the fourth quarter worth $1,944,000. Swiss National Bank increased its position in shares of FMC by 0.7% during the fourth quarter. Swiss National Bank now owns 245,600 shares of the basic materials company’s stock worth $11,939,000 after acquiring an additional 1,800 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FMC. KeyCorp reduced their price objective on shares of FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Friday, February 14th. Barclays dropped their target price on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley dropped their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.14.

Insider Buying and Selling

In related news, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $223,980. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by company insiders.

FMC Price Performance

FMC stock opened at $41.78 on Monday. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72. The stock’s 50 day moving average is $44.89 and its 200-day moving average is $54.19. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.90 and a beta of 0.93.

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

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s payout ratio is 85.29%.

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.