Pictet Asset Management Ltd. Boosts Position in FMC Corp (NYSE:FMC)

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Pictet Asset Management Ltd. raised its position in FMC Corp (NYSE:FMC) by 17.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,616 shares of the basic materials company’s stock after purchasing an additional 10,600 shares during the period. Pictet Asset Management Ltd.’s holdings in FMC were worth $6,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Squar Milner Financial Services LLC increased its position in FMC by 51.4% during the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock worth $32,000 after buying an additional 130 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of FMC by 3.6% during the third quarter. Wealthfront Advisers LLC now owns 3,865 shares of the basic materials company’s stock valued at $339,000 after buying an additional 136 shares during the period. Capital Bank & Trust Co boosted its position in FMC by 1.9% during the second quarter. Capital Bank & Trust Co now owns 7,340 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 140 shares during the last quarter. Parallel Advisors LLC grew its stake in FMC by 46.9% in the 2nd quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 160 shares during the period. Finally, Keybank National Association OH raised its holdings in FMC by 3.1% in the 3rd quarter. Keybank National Association OH now owns 5,501 shares of the basic materials company’s stock valued at $482,000 after acquiring an additional 163 shares during the last quarter. 87.98% of the stock is currently owned by institutional investors.

In other news, CEO Pierre R. Brondeau sold 24,738 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $96.88, for a total value of $2,396,617.44. Also, COO Mark Douglas sold 22,390 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $89.83, for a total transaction of $2,011,293.70. Following the sale, the chief operating officer now directly owns 60,584 shares in the company, valued at $5,442,260.72. The disclosure for this sale can be found here. Insiders have sold a total of 56,346 shares of company stock worth $5,245,643 in the last ninety days. 1.50% of the stock is currently owned by insiders.

FMC has been the topic of several analyst reports. BMO Capital Markets set a $100.00 price objective on FMC and gave the stock a “buy” rating in a report on Thursday, September 12th. BNP Paribas initiated coverage on FMC in a research report on Wednesday, September 18th. They set a “buy” rating and a $110.00 target price on the stock. SunTrust Banks set a $102.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded shares of FMC from a “hold” rating to a “sell” rating and set a $87.00 target price for the company. in a report on Wednesday, October 16th. Finally, Wells Fargo & Co assumed coverage on FMC in a report on Tuesday, October 15th. They set an “outperform” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $99.00.

NYSE FMC opened at $97.25 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 1.13. FMC Corp has a fifty-two week low of $69.36 and a fifty-two week high of $99.34. The business has a 50 day moving average price of $92.57 and a two-hundred day moving average price of $85.47. The stock has a market cap of $12.70 billion, a PE ratio of 16.30, a P/E/G ratio of 1.62 and a beta of 1.50.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.14. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $978.47 million. FMC had a net margin of 11.08% and a return on equity of 27.94%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. Sell-side analysts anticipate that FMC Corp will post 5.86 EPS for the current fiscal year.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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