FMC Corp (FMC) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of FMC Corp (NYSE:FMC) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,424 shares of the basic materials company’s stock after selling 8,138 shares during the period. Raymond James & Associates owned 0.09% of FMC worth $11,873,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in FMC by 3.4% in the fourth quarter. BlackRock Inc. now owns 9,261,241 shares of the basic materials company’s stock worth $876,668,000 after purchasing an additional 308,432 shares in the last quarter. Third Point LLC boosted its holdings in FMC by 10.0% in the third quarter. Third Point LLC now owns 2,200,000 shares of the basic materials company’s stock worth $196,482,000 after purchasing an additional 200,000 shares in the last quarter. Global X Management Co. LLC boosted its holdings in FMC by 2.2% in the fourth quarter. Global X Management Co. LLC now owns 1,882,596 shares of the basic materials company’s stock worth $178,207,000 after purchasing an additional 39,650 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in FMC by 6.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,556,494 shares of the basic materials company’s stock worth $147,338,000 after purchasing an additional 95,036 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in FMC by 647.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock worth $144,522,000 after purchasing an additional 1,322,470 shares in the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

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A number of equities research analysts recently issued reports on FMC shares. Seaport Global Securities upgraded shares of FMC from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Credit Suisse Group set a $111.00 price objective on shares of FMC and gave the stock a “buy” rating in a report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and issued a $98.00 price objective on shares of FMC in a report on Thursday, February 15th. Goldman Sachs started coverage on shares of FMC in a report on Monday, December 4th. They issued a “neutral” rating and a $98.00 price objective for the company. Finally, Stephens started coverage on shares of FMC in a report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 price objective for the company. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $98.37.

FMC stock opened at $75.51 on Friday. The firm has a market cap of $10,391.82, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11. FMC Corp has a 52-week low of $60.01 and a 52-week high of $98.70.

FMC (NYSE:FMC) last released its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. The firm had revenue of $979.60 million during the quarter, compared to analyst estimates of $993.57 million. FMC had a net margin of 18.61% and a return on equity of 16.82%. The business’s revenue was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. equities analysts expect that FMC Corp will post 5.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s dividend payout ratio is 16.54%.

In other news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the completion of the transaction, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

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FMC Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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