Russell Investments Group Ltd. Has $44.25 Million Stock Holdings in FMC Co. (NYSE:FMC)

Russell Investments Group Ltd. reduced its holdings in FMC Co. (NYSE:FMC - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 910,357 shares of the basic materials company's stock after selling 28,505 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.73% of FMC worth $44,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in shares of FMC in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its holdings in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in FMC during the fourth quarter worth $37,000. IFP Advisors Inc boosted its holdings in shares of FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after buying an additional 379 shares during the period. Finally, Principal Securities Inc. boosted its stake in FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

Insider Buying and Selling at FMC

In other news, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, 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. Insiders own 0.67% of the company's stock.

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Wall Street Analyst Weigh In

FMC has been the topic of several analyst reports. StockNews.com lowered shares of FMC from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. UBS Group downgraded shares of FMC from a "buy" rating to a "neutral" rating and cut their target price for the company from $66.00 to $38.00 in a research note on Friday, February 7th. BMO Capital Markets decreased their price target on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday, March 13th. They issued a "buy" rating and a $51.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $51.15.

FMC Price Performance

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

FMC (NYSE:FMC - Get Free Report) last released 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%. Sell-side analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

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

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.