Dynamic Technology Lab Private Ltd Invests $653,000 in FMC Co. (NYSE:FMC)

Dynamic Technology Lab Private Ltd bought a new position in shares of FMC Co. (NYSE:FMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,429 shares of the basic materials company's stock, valued at approximately $653,000.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp increased its stake in FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock worth $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Norges Bank acquired a new stake in shares of FMC in the fourth quarter worth approximately $49,888,000. Bank of New York Mellon Corp increased its position in shares of FMC by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company's stock worth $101,509,000 after purchasing an additional 685,995 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in FMC by 14.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company's stock valued at $90,466,000 after purchasing an additional 241,582 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock worth $743,338,000 after purchasing an additional 180,766 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Trading Up 2.2 %

FMC stock traded up $0.81 during midday trading on Friday, reaching $37.05. 1,915,809 shares of the stock traded hands, compared to its average volume of 2,038,518. The firm has a market cap of $4.63 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $50.65. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.72.

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FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Research analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 6.26%. FMC's dividend payout ratio (DPR) is 85.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays decreased their price target on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Bank of America restated an "underperform" rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. The Goldman Sachs Group began coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective on the stock. UBS Group cut FMC from a "buy" rating to a "neutral" rating and dropped their target price for the company from $66.00 to $38.00 in a report on Friday, February 7th. Finally, StockNews.com lowered FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $51.15.

Insider Buying and Selling at FMC

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, with a total value of $223,980.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.67% 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.