FMC Co. (NYSE:FMC) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 37.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,559,107 shares of the basic materials company's stock after purchasing an additional 977,110 shares during the quarter. Invesco Ltd. owned about 2.85% of FMC worth $173,008,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of FMC in the 4th quarter valued at about $49,888,000. Bank of New York Mellon Corp grew its holdings in FMC by 48.9% during the 4th 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 acquiring an additional 685,995 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in shares of 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. Vanguard Group Inc. raised its holdings in shares of FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after purchasing an additional 180,766 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of FMC by 50.7% during the 4th quarter. Jones Financial Companies Lllp now owns 427,256 shares of the basic materials company's stock worth $20,769,000 after purchasing an additional 143,770 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

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Insider Buying and Selling at FMC

In other news, Director Carol Anthony Davidson acquired 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

FMC Stock Performance

NYSE:FMC traded down $0.19 during midday trading on Tuesday, reaching $37.38. The stock had a trading volume of 1,326,011 shares, compared to its average volume of 2,035,820. The stock has a market cap of $4.67 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.72. The firm has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $50.36.

FMC (NYSE:FMC - Get Free Report) last posted 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 return on equity of 9.67% and a net margin of 8.03%. On average, equities analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Monday, March 31st. FMC's payout ratio is currently 85.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FMC shares. BMO Capital Markets cut their price target on FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Barclays dropped their price objective on FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Redburn Atlantic downgraded FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target for the company. in a report on Friday, February 14th. Mizuho set a $46.00 price target on shares of FMC in a research note on Tuesday. Finally, Vertical Research upgraded shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $50.31.

FMC Company Profile

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.