Cambridge Trust Co. lessened its holdings in shares of FMC Corp (NYSE:FMC) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,098 shares of the basic materials company’s stock after selling 220 shares during the quarter. Cambridge Trust Co.’s holdings in FMC were worth $853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Strs Ohio increased its position in FMC by 1.6% during the 1st quarter. Strs Ohio now owns 230,430 shares of the basic materials company’s stock worth $17,701,000 after purchasing an additional 3,740 shares in the last quarter. Gulf International Bank UK Ltd increased its position in FMC by 6.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 32,511 shares of the basic materials company’s stock worth $2,497,000 after purchasing an additional 2,100 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in FMC during the 1st quarter worth approximately $535,000. Pennsylvania Trust Co acquired a new stake in FMC during the 1st quarter worth approximately $48,000. Finally, IFM Investors Pty Ltd increased its position in FMC by 12.9% during the 1st quarter. IFM Investors Pty Ltd now owns 9,703 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 1,110 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

FMC has been the subject of a number of research analyst reports. Stephens set a $95.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Thursday, February 28th. ValuEngine raised shares of FMC from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Loop Capital set a $102.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, KeyCorp dropped their target price on shares of FMC from $112.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. FMC presently has a consensus rating of “Buy” and an average price target of $97.00.

NYSE FMC opened at $79.47 on Tuesday. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.31 and a beta of 1.48. FMC Corp has a fifty-two week low of $69.36 and a fifty-two week high of $92.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.35 and a quick ratio of 0.98.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. FMC had a return on equity of 27.73% and a net margin of 10.62%. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, sell-side analysts forecast that FMC Corp will post 5.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, March 28th. FMC’s dividend payout ratio is presently 25.44%.

In other news, Director Robert C. Pallash sold 6,992 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total transaction of $610,261.76. Following the completion of the transaction, the director now directly owns 37,458 shares in the company, valued at approximately $3,269,334.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Andrea E. Utecht sold 30,464 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $84.39, for a total value of $2,570,856.96. Following the transaction, the vice president now owns 104,231 shares of the company’s stock, valued at $8,796,054.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,880 shares of company stock valued at $11,144,839. 1.50% of the stock is owned by company insiders.

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FMC 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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