Dana Investment Advisors Inc. Cuts Position in FMC Co. (NYSE:FMC)

Dana Investment Advisors Inc. lessened its holdings in FMC Co. (NYSE:FMC) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,418 shares of the basic materials company’s stock after selling 276 shares during the period. Dana Investment Advisors Inc.’s holdings in FMC were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Dimensional Fund Advisors LP boosted its stake in shares of FMC by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 747,272 shares of the basic materials company’s stock worth $85,881,000 after buying an additional 26,803 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in FMC by 1.8% in the first quarter. The Manufacturers Life Insurance Company now owns 136,220 shares of the basic materials company’s stock valued at $15,067,000 after purchasing an additional 2,446 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in FMC by 26.8% in the first quarter. Commonwealth Equity Services LLC now owns 6,435 shares of the basic materials company’s stock valued at $711,000 after purchasing an additional 1,359 shares during the last quarter. Natixis Advisors L.P. lifted its stake in FMC by 49.4% in the first quarter. Natixis Advisors L.P. now owns 156,659 shares of the basic materials company’s stock valued at $17,327,000 after purchasing an additional 51,778 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in FMC by 6.9% in the first quarter. IFM Investors Pty Ltd now owns 13,856 shares of the basic materials company’s stock valued at $1,533,000 after purchasing an additional 899 shares during the last quarter. Hedge funds and other institutional investors own 88.21% of the company’s stock.

FMC stock opened at $96.85 on Wednesday. The stock has a market cap of $12.46 billion, a P/E ratio of 23.11, a PEG ratio of 1.31 and a beta of 0.96. FMC Co. has a fifty-two week low of $87.27 and a fifty-two week high of $123.66. The firm’s fifty day moving average price is $99.06 and its 200-day moving average price is $108.41. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 1.35.

FMC (NYSE:FMC) last released its earnings results on Tuesday, August 3rd. The basic materials company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.04. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. FMC had a return on equity of 25.77% and a net margin of 11.69%. Sell-side analysts predict that FMC Co. will post 6.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 21st. Investors of record on Thursday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.92 dividend on an annualized basis and a yield of 1.98%. FMC’s dividend payout ratio is presently 31.02%.

Several equities analysts recently commented on FMC shares. Monness Crespi & Hardt reiterated a “buy” rating and issued a $126.00 price objective on shares of FMC in a research note on Tuesday, September 7th. Citigroup dropped their price objective on FMC from $118.00 to $109.00 and set a “neutral” rating on the stock in a research note on Thursday, August 5th. Vertical Research cut shares of FMC from a “buy” rating to a “hold” rating and set a $123.00 target price on the stock. in a report on Thursday, June 24th. Loop Capital cut shares of FMC from a “buy” rating to a “hold” rating and lowered their target price for the company from $128.00 to $122.00 in a report on Tuesday, July 20th. Finally, Wells Fargo & Company lowered their target price on shares of FMC from $133.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, August 5th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, FMC has a consensus rating of “Buy” and a consensus target price of $124.93.

In other FMC news, CFO Andrew D. Sandifer purchased 1,260 shares of the business’s stock in a transaction on Friday, September 3rd. The stock was acquired at an average cost of $96.97 per share, for a total transaction of $122,182.20. Following the completion of the transaction, the chief financial officer now directly owns 30,906 shares in the company, valued at approximately $2,996,954.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carol Anthony Davidson purchased 1,500 shares of the business’s stock in a transaction on Monday, August 30th. The shares were acquired at an average price of $93.89 per share, with a total value of $140,835.00. Following the completion of the transaction, the director now owns 3,201 shares of the company’s stock, valued at $300,541.89. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.

FMC Company Profile

FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under Rynaxypyr and Cyazypyr brands; herbicides under Authority, Boral, Centium, Command, and Gamit brands; insecticides under Talstar and Hero brands; flutriafol-based fungicides; and bionematicides under Quartzo and Presence brands.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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