3,162 Shares in FMC Co. (NYSE:FMC) Acquired by Team Hewins LLC

Team Hewins LLC bought a new stake in shares of FMC Co. (NYSE:FMC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,162 shares of the basic materials company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after acquiring an additional 1,634,535 shares during the last quarter. Boston Partners lifted its stake in FMC by 2.2% during the fourth quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after purchasing an additional 53,408 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of FMC by 7.8% in the 3rd quarter. Northern Trust Corp now owns 2,340,777 shares of the basic materials company’s stock worth $156,762,000 after purchasing an additional 169,224 shares in the last quarter. Invesco Ltd. increased its position in shares of FMC by 37.9% during the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after purchasing an additional 484,500 shares during the last quarter. Finally, Tweedy Browne Co LLC raised its holdings in shares of FMC by 43.2% during the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock valued at $96,692,000 after buying an additional 435,404 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Trading Up 2.8 %

Shares of FMC opened at $61.76 on Monday. FMC Co. has a 1-year low of $49.49 and a 1-year high of $111.95. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average price is $61.59 and its 200-day moving average price is $58.64. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 1.22 and a beta of 0.88.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.77 EPS. The business’s revenue was down 31.7% on a year-over-year basis. Sell-side analysts anticipate that FMC Co. will post 3.76 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a yield of 3.76%. FMC’s dividend payout ratio (DPR) is 25.89%.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Wells Fargo & Company upped their price target on shares of FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. BMO Capital Markets decreased their price objective on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada lifted their price target on FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.56.

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.