50,788 Shares in FMC Co. (NYSE:FMC) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new position in FMC Co. (NYSE:FMC – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 50,788 shares of the basic materials company’s stock, valued at approximately $5,368,000.

Several other institutional investors have also modified their holdings of the business. National Pension Service lifted its stake in shares of FMC by 11.9% in the third quarter. National Pension Service now owns 195,301 shares of the basic materials company’s stock worth $20,762,000 after acquiring an additional 20,829 shares in the last quarter. Glenmede Trust Co. NA raised its stake in FMC by 10.4% during the third quarter. Glenmede Trust Co. NA now owns 14,076 shares of the basic materials company’s stock valued at $1,487,000 after buying an additional 1,324 shares in the last quarter. Captrust Financial Advisors raised its stake in FMC by 18.5% during the third quarter. Captrust Financial Advisors now owns 17,965 shares of the basic materials company’s stock valued at $1,899,000 after buying an additional 2,805 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in FMC by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,514 shares of the basic materials company’s stock valued at $477,000 after buying an additional 211 shares in the last quarter. Finally, Kentucky Retirement Systems raised its stake in FMC by 5.5% during the third quarter. Kentucky Retirement Systems now owns 9,860 shares of the basic materials company’s stock valued at $1,042,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.

Insider Buying and Selling

In other FMC news, CFO Andrew D. Sandifer sold 5,000 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total transaction of $638,850.00. Following the completion of the transaction, the chief financial officer now directly owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other FMC news, CFO Andrew D. Sandifer sold 5,000 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total transaction of $638,850.00. Following the completion of the transaction, the chief financial officer now directly owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ronaldo Pereira sold 1,955 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $129.29, for a total value of $252,761.95. Following the transaction, the executive vice president now directly owns 19,478 shares of the company’s stock, valued at $2,518,310.62. The disclosure for this sale can be found here. Insiders sold 11,376 shares of company stock valued at $1,465,016 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on FMC shares. Morgan Stanley upgraded FMC from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $125.00 to $145.00 in a research note on Tuesday, January 10th. UBS Group upped their price objective on FMC from $142.00 to $147.00 and gave the company a “buy” rating in a research note on Wednesday, January 11th. Mizuho restated a “buy” rating and set a $146.00 price objective on shares of FMC in a research note on Wednesday, February 8th. Wells Fargo & Company upped their price objective on FMC from $141.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, January 9th. Finally, Royal Bank of Canada upped their target price on FMC from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.08.

FMC Stock Performance

Shares of FMC stock opened at $116.07 on Friday. FMC Co. has a 12-month low of $98.24 and a 12-month high of $140.99. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.46 and a beta of 0.84. The business has a 50 day simple moving average of $127.42 and a 200 day simple moving average of $121.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.43 and a quick ratio of 1.00.

FMC (NYSE:FMC – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. FMC had a return on equity of 29.29% and a net margin of 12.69%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $2.16 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that FMC Co. will post 7.92 EPS for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Friday, March 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 30th. FMC’s dividend payout ratio (DPR) is 39.86%.

FMC Company Profile

(Get Rating)

FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.