Raymond James Financial Services Advisors Inc. Sells 4,864 Shares of FMC Co. (NYSE:FMC)

Raymond James Financial Services Advisors Inc. lowered its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 29.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,405 shares of the basic materials company’s stock after selling 4,864 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FMC were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FMC. State of Michigan Retirement System raised its stake in shares of FMC by 0.3% in the third quarter. State of Michigan Retirement System now owns 34,058 shares of the basic materials company’s stock valued at $3,600,000 after acquiring an additional 100 shares during the period. Range Financial Group LLC raised its stake in shares of FMC by 1.0% in the third quarter. Range Financial Group LLC now owns 11,260 shares of the basic materials company’s stock valued at $1,190,000 after acquiring an additional 113 shares during the period. Brown Advisory Inc. raised its stake in shares of FMC by 2.6% in the second quarter. Brown Advisory Inc. now owns 4,961 shares of the basic materials company’s stock valued at $531,000 after acquiring an additional 127 shares during the period. Transform Wealth LLC raised its stake in shares of FMC by 3.4% in the third quarter. Transform Wealth LLC now owns 3,945 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 129 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its stake in shares of FMC by 1.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 7,679 shares of the basic materials company’s stock valued at $1,010,000 after acquiring an additional 129 shares during the period. Institutional investors own 88.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FMC. StockNews.com raised shares of FMC from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Wells Fargo & Company raised their price target on shares of FMC from $141.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, January 9th. Credit Suisse Group raised their price target on shares of FMC from $105.00 to $112.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 2nd. KeyCorp raised their price target on shares of FMC from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 12th. Finally, Mizuho raised their price target on shares of FMC from $145.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.82.

FMC Trading Up 1.3 %

NYSE FMC opened at $128.20 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.41. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The company’s 50-day simple moving average is $127.17 and its two-hundred day simple moving average is $116.63. FMC Co. has a one year low of $98.24 and a one year high of $140.99.

FMC (NYSE:FMC – Get Rating) last posted its earnings results on Tuesday, November 1st. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. FMC had a net margin of 11.72% and a return on equity of 29.34%. Equities analysts forecast that FMC Co. will post 7.38 EPS for the current fiscal year.

FMC Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Friday, December 30th were issued a $0.58 dividend. This is a boost from FMC’s previous quarterly dividend of $0.53. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, December 29th. FMC’s dividend payout ratio (DPR) is currently 44.87%.

Insider Activity

In other news, insider Nicholas Pfeiffer sold 500 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $132.56, for a total value of $66,280.00. Following the sale, the insider now directly owns 11,222 shares in the company, valued at approximately $1,487,588.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Nicholas Pfeiffer sold 500 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $132.56, for a total value of $66,280.00. Following the sale, the insider now directly owns 11,222 shares in the company, valued at approximately $1,487,588.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 4,502 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $126.95, for a total transaction of $571,528.90. Following the completion of the sale, the executive vice president now owns 18,354 shares in the company, valued at $2,330,040.30. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

FMC 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.