State Street Corp Boosts Stake in FMC Co. (NYSE:FMC)

State Street Corp increased its position in FMC Co. (NYSE:FMC - Free Report) by 27.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,271,760 shares of the basic materials company's stock after acquiring an additional 1,343,615 shares during the period. State Street Corp owned approximately 5.02% of FMC worth $417,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp lifted its stake in FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 324 shares during the period. First Horizon Advisors Inc. grew its position in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after purchasing an additional 246 shares during the period. Mather Group LLC. raised its stake in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock valued at $37,000 after buying an additional 396 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after buying an additional 246 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of FMC in the third quarter worth about $51,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FMC shares. JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Royal Bank of Canada increased their price target on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Citigroup began coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective for the company. Finally, Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.00.

FMC Price Performance

NYSE FMC traded down $0.93 during mid-day trading on Tuesday, hitting $57.25. The stock had a trading volume of 940,418 shares, compared to its average volume of 1,644,372. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.49 and a beta of 0.80. The firm's 50 day moving average is $60.58 and its 200 day moving average is $60.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09.

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

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by company insiders.

About FMC

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.