Swedbank AB Trims Stock Holdings in FMC Co. (NYSE:FMC)

Swedbank AB lessened its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 22.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 69,500 shares of the basic materials company's stock after selling 20,601 shares during the period. Swedbank AB owned 0.06% of FMC worth $4,583,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Commerce Bank boosted its position in FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock worth $339,000 after purchasing an additional 183 shares during the period. Dark Forest Capital Management LP lifted its holdings 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 worth $372,000 after acquiring an additional 192 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of FMC by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 208 shares in the last quarter. UMB Bank n.a. increased its position in 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 purchasing an additional 246 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction on Monday, November 11th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

FMC has been the topic of a number of research reports. Mizuho boosted 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. Barclays lifted their target price 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. KeyCorp decreased their price target on shares of FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Finally, Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, FMC presently has an average rating of "Hold" and an average price target of $68.00.

FMC Stock Down 0.8 %

FMC stock traded down $0.47 during midday trading on Thursday, reaching $59.50. The stock had a trading volume of 733,557 shares, compared to its average volume of 1,663,957. The company has a fifty day moving average price of $61.62 and a two-hundred day moving average price of $60.69. The company has a market capitalization of $7.43 billion, a P/E ratio of 5.12, a PEG ratio of 1.60 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72.

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

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.