FMC Co. (NYSE:FMC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in FMC Co. (NYSE:FMC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,627 shares of the basic materials company’s stock after selling 3,201 shares during the period. Leeward Investments LLC MA owned 0.10% of FMC worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FMC. Wellington Management Group LLP raised its holdings in shares of FMC by 17.7% in the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after buying an additional 1,634,535 shares during the last quarter. Manning & Napier Group LLC raised its holdings in shares of FMC by 58.9% in the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after buying an additional 833,845 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of FMC by 175.2% in the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after buying an additional 532,158 shares during the last quarter. Invesco Ltd. raised its holdings in shares of FMC by 37.9% in the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after buying an additional 484,500 shares during the last quarter. Finally, Tweedy Browne Co LLC raised its holdings in shares of FMC by 43.2% in the third 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 during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Up 1.1 %

FMC stock traded up $0.66 during trading on Friday, reaching $58.46. 942,800 shares of the company’s stock were exchanged, compared to its average volume of 1,945,983. The company’s 50-day moving average is $59.45 and its two-hundred day moving average is $58.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC Co. has a 52-week low of $49.49 and a 52-week high of $124.61. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.88 and a beta of 0.87.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $2.37 earnings per share. On average, analysts predict that FMC Co. will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.97%. FMC’s dividend payout ratio (DPR) is 22.03%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FMC. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a report on Wednesday, February 7th. BMO Capital Markets cut their price target on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Roth Mkm began coverage on shares of FMC in a report on Thursday, January 4th. They set a “buy” rating and a $74.00 price target for the company. Bank of America cut shares of FMC from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $60.00 to $57.00 in a report on Tuesday, January 16th. Finally, Wolfe Research initiated coverage on shares of FMC in a report on Friday, March 1st. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus target price of $71.75.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought 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 in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is owned by corporate insiders.

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.