Massmutual Trust Co. FSB ADV cut its stake in shares of FMC Co. (NYSE:FMC – Get Rating) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,352 shares of the basic materials company’s stock after selling 103 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in FMC were worth $441,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Rinkey Investments acquired a new position in shares of FMC during the 4th quarter worth $25,000. Gemmer Asset Management LLC grew its stake in shares of FMC by 94.4% during the 4th quarter. Gemmer Asset Management LLC now owns 278 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 135 shares during the period. Allworth Financial LP grew its stake in shares of FMC by 5,000.0% during the 4th quarter. Allworth Financial LP now owns 306 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 300 shares during the period. National Bank of Canada FI acquired a new position in shares of FMC during the 4th quarter worth $45,000. Finally, JJJ Advisors Inc. grew its stake in shares of FMC by 224.1% during the 4th quarter. JJJ Advisors Inc. now owns 431 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 298 shares during the period. 88.44% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Nicholas Pfeiffer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $119.78, for a total transaction of $119,780.00. Following the completion of the transaction, the insider now owns 11,722 shares of the company’s stock, valued at approximately $1,404,061.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.57% of the company’s stock.
FMC (NYSE:FMC – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The basic materials company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. FMC had a net margin of 14.64% and a return on equity of 30.30%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $1.53 EPS. On average, equities research analysts forecast that FMC Co. will post 7.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 21st. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, June 29th. FMC’s dividend payout ratio is currently 35.69%.
A number of equities analysts have recently weighed in on the stock. Redburn Partners cut shares of FMC from a “buy” rating to a “neutral” rating in a research note on Monday, June 13th. Bank of America upgraded shares of FMC from an “underperform” rating to a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of FMC in a research report on Tuesday, May 31st. They issued an “underperform” rating and a $109.00 price objective on the stock. Loop Capital lowered shares of FMC from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, April 14th. Finally, Wells Fargo & Company decreased their price objective on shares of FMC from $150.00 to $144.00 in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FMC has an average rating of “Moderate Buy” and a consensus price target of $130.57.
FMC Company Profile (Get Rating)
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 include 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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