FMC Co. (NYSE:FMC) Stake Trimmed by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in FMC Co. (NYSE:FMC - Free Report) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 131,543 shares of the basic materials company's stock after selling 33,860 shares during the period. Bank of Montreal Can owned 0.11% of FMC worth $8,692,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in shares of FMC by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,758 shares of the basic materials company's stock worth $380,000 after buying an additional 739 shares during the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of FMC by 14.8% in the 3rd quarter. Hartford Funds Management Co LLC now owns 6,659 shares of the basic materials company's stock worth $439,000 after purchasing an additional 859 shares during the period. Algert Global LLC lifted its stake in shares of FMC by 118.4% in the 3rd quarter. Algert Global LLC now owns 58,752 shares of the basic materials company's stock valued at $3,874,000 after purchasing an additional 31,850 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of FMC by 80.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company's stock valued at $421,000 after purchasing an additional 2,839 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of FMC by 105.7% during the 3rd quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company's stock worth $3,224,000 after purchasing an additional 25,122 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Performance

FMC traded up $0.88 during trading hours on Tuesday, hitting $60.26. 246,097 shares of the stock were exchanged, compared to its average volume of 1,651,187. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The stock has a 50-day simple moving average of $61.30 and a 200-day simple moving average of $60.52. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that FMC Co. will post 3.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Citigroup assumed coverage on shares of FMC in a research report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective for the company. Finally, Barclays lifted their price objective on shares of FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.00.

Insider Buying and Selling at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by company 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.