Tower Research Capital LLC TRC Purchases 9,345 Shares of FMC Co. (NYSE:FMC)

Tower Research Capital LLC TRC boosted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 140.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,999 shares of the basic materials company's stock after purchasing an additional 9,345 shares during the period. Tower Research Capital LLC TRC's holdings in FMC were worth $778,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Inspire Trust Co. N.A. lifted its position in shares of FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after buying an additional 9,500 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in shares of FMC by 20.9% in the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock worth $11,050,000 after acquiring an additional 39,230 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after purchasing an additional 28,059 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of FMC by 9.4% during the 4th quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after purchasing an additional 14,197 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in FMC during the 4th quarter worth approximately $5,573,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 target price on the stock. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a report on Friday. Royal Bank of Canada lowered FMC from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on 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, Redburn Atlantic downgraded shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $48.92.

Insider Transactions at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares of the company's stock, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carol Anthony Davidson acquired 6,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $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 Trading Up 1.0 %

FMC opened at $41.19 on Friday. The stock has a market cap 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. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.72. The company has a fifty day moving average of $39.26 and a 200-day moving average of $48.97.

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 for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, sell-side analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm also recently declared 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 dividend yield of 5.63%. The ex-dividend date was Monday, March 31st. FMC's payout ratio is 85.29%.

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.

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