First Horizon Advisors Inc. raised its stake in shares of FMC Co. (NYSE:FMC) by 542.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,556 shares of the basic materials company’s stock after acquiring an additional 2,158 shares during the period. First Horizon Advisors Inc.’s holdings in FMC were worth $129,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FMC. Koshinski Asset Management Inc. bought a new stake in shares of FMC during the 3rd quarter worth $30,000. Lowe Wealth Advisors LLC raised its stake in shares of FMC by 40.8% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 1,035 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 300 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of FMC by 22.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,043 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 188 shares during the period. JFS Wealth Advisors LLC bought a new stake in shares of FMC during the 3rd quarter worth $105,000. Finally, Ameritas Investment Company LLC raised its stake in shares of FMC by 560.4% during the 2nd quarter. Ameritas Investment Company LLC now owns 1,770 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.
In other news, insider Nicholas Pfeiffer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $106.83, for a total transaction of $106,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.
FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, November 2nd. The basic materials company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.11. FMC had a return on equity of 26.39% and a net margin of 12.39%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. On average, equities research analysts anticipate that FMC Co. will post 6.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 20th. Stockholders of record on Friday, December 31st will be issued a dividend of $0.53 per share. This is a positive change from FMC’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, December 30th. This represents a $2.12 annualized dividend and a dividend yield of 1.86%. FMC’s payout ratio is presently 46.49%.
A number of research firms have recently commented on FMC. Bank of America upgraded FMC from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $112.00 to $125.00 in a research note on Monday, November 29th. UBS Group decreased their price objective on FMC from $134.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, January 4th. Royal Bank of Canada lifted their price objective on FMC from $116.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, November 5th. Jefferies Financial Group reissued a “buy” rating and issued a $130.00 price objective on shares of FMC in a report on Friday, September 24th. Finally, Citigroup raised FMC from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $129.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, FMC has an average rating of “Buy” and a consensus target price of $123.50.
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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