Inspire Trust Co. N.A. Increases Stock Position in FMC Co. (NYSE:FMC)

Inspire Trust Co. N.A. lifted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,200 shares of the basic materials company's stock after purchasing an additional 9,500 shares during the period. FMC comprises approximately 1.1% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 25th largest holding. Inspire Trust Co. N.A.'s holdings in FMC were worth $3,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMC. Commerce Bank boosted its stake in FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after acquiring an additional 183 shares during the last quarter. Dark Forest Capital Management LP raised its stake in shares of FMC by 3.1% in the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock valued at $372,000 after buying an additional 192 shares during the period. HB Wealth Management LLC lifted its position in shares of FMC by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock valued at $325,000 after buying an additional 208 shares during the last quarter. UMB Bank n.a. grew its stake in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock worth $39,000 after acquiring an additional 246 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after acquiring an additional 246 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

Shares of FMC stock traded down $1.00 on Friday, hitting $53.50. 2,057,751 shares of the company traded hands, compared to its average volume of 1,648,530. FMC Co. has a 12-month low of $50.03 and a 12-month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.68 billion, a P/E ratio of 4.60, a P/E/G ratio of 1.48 and a beta of 0.80. The firm's 50-day simple moving average is $60.04 and its 200 day simple moving average is $60.25.

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

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. FMC's payout ratio is currently 19.97%.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FMC shares. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Citigroup initiated coverage on FMC in a report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 target price for the company. Finally, Mizuho increased their price target on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.