Hsbc Holdings PLC Grows Stake in FMC Co. (NYSE:FMC)

Hsbc Holdings PLC increased its holdings in FMC Co. (NYSE:FMC - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,004 shares of the basic materials company's stock after purchasing an additional 65,464 shares during the period. Hsbc Holdings PLC owned 0.17% of FMC worth $10,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of FMC by 4.6% during the fourth quarter. Stifel Financial Corp now owns 98,877 shares of the basic materials company's stock worth $4,806,000 after acquiring an additional 4,369 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of FMC by 140.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,999 shares of the basic materials company's stock valued at $778,000 after purchasing an additional 9,345 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its holdings in shares of FMC by 7.7% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 456,509 shares of the basic materials company's stock valued at $22,191,000 after purchasing an additional 32,694 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of FMC by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 33,032 shares of the basic materials company's stock worth $1,606,000 after purchasing an additional 584 shares during the last quarter. Finally, Natixis increased its holdings in shares of FMC by 347.1% in the fourth quarter. Natixis now owns 59,121 shares of the basic materials company's stock worth $2,874,000 after purchasing an additional 45,898 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FMC shares. The Goldman Sachs Group started coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 price target for the company. Wells Fargo & Company cut their target price on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Redburn Atlantic downgraded shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a research note on Friday, February 14th. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Barclays decreased their target price on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.92.

FMC Stock Up 1.0 %

Shares of NYSE:FMC opened at $41.19 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The business has a 50 day simple moving average of $39.26 and a two-hundred day simple moving average of $48.89. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.72. The firm has a market capitalization of $5.14 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $0.58 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.63%. FMC's dividend payout ratio (DPR) is 85.29%.

Insiders Place Their Bets

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

FMC 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.

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