Price T Rowe Associates Inc. MD Buys 321,241 Shares of FMC Co. (NYSE:FMC)

Price T Rowe Associates Inc. MD increased its stake in FMC Co. (NYSE:FMC - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,375,911 shares of the basic materials company's stock after purchasing an additional 321,241 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.51% of FMC worth $212,714,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 180,766 shares in the last quarter. Invesco Ltd. lifted its position in shares of FMC by 37.8% during the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock worth $173,008,000 after buying an additional 977,110 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of FMC by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock worth $145,452,000 after buying an additional 54,017 shares during the last quarter. Dimensional Fund Advisors LP grew its position in FMC by 44.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after acquiring an additional 707,727 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 685,995 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FMC shares. StockNews.com lowered shares of FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. KeyCorp reduced their price objective on FMC from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets dropped their target price on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price target on FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, Vertical Research upgraded shares of FMC to a "hold" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, FMC has an average rating of "Hold" and an average target price of $48.92.

Insider Transactions at FMC

In other news, Director Carol Anthony Davidson purchased 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition 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 FMC stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

FMC Stock Up 0.4 %

Shares of FMC traded up $0.17 during trading hours on Tuesday, hitting $41.76. The stock had a trading volume of 2,148,424 shares, compared to its average volume of 2,043,430. 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 $5.22 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The firm has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $48.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 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%. Sell-side analysts predict that FMC Co. will post 3.48 EPS for the current fiscal 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 issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend was Monday, March 31st. FMC's dividend payout ratio is currently 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.