S&CO Inc. Buys 12,193 Shares of FMC Co. (NYSE:FMC)

S&CO Inc. grew its holdings in FMC Co. (NYSE:FMC - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 350,863 shares of the basic materials company's stock after purchasing an additional 12,193 shares during the quarter. FMC comprises 1.5% of S&CO Inc.'s portfolio, making the stock its 18th biggest holding. S&CO Inc. owned approximately 0.28% of FMC worth $23,135,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FMC. US Bancorp DE increased its position in FMC by 8.7% during the first quarter. US Bancorp DE now owns 13,410 shares of the basic materials company's stock worth $854,000 after acquiring an additional 1,072 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of FMC by 11.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,862 shares of the basic materials company's stock valued at $883,000 after buying an additional 1,411 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of FMC by 10.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 155,763 shares of the basic materials company's stock valued at $9,922,000 after buying an additional 14,549 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of FMC by 1.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 138,278 shares of the basic materials company's stock valued at $8,808,000 after buying an additional 2,383 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in FMC during the first quarter worth about $206,000. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FMC shares. JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price target on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Citigroup assumed coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective for the company. KeyCorp decreased their target price on shares of FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Finally, Barclays increased their price target on shares of FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $68.00.

FMC Price Performance

FMC stock traded down $1.09 on Friday, reaching $54.39. The company's stock had a trading volume of 1,586,177 shares, compared to its average volume of 1,209,060. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The business's fifty day moving average price is $62.22 and its 200 day moving average price is $61.00.

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

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value 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 trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is currently owned by company insiders.

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.