Keybank National Association OH Purchases 208 Shares of FMC Co. (NYSE:FMC)

Keybank National Association OH boosted its position in FMC Co. (NYSE:FMCFree Report) by 4.3% in the third quarter, Holdings Channel.com reports. The firm owned 5,088 shares of the basic materials company’s stock after purchasing an additional 208 shares during the quarter. Keybank National Association OH’s holdings in FMC were worth $341,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of FMC during the fourth quarter worth about $215,051,000. Morgan Stanley boosted its position in FMC by 80.7% during the 4th quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after buying an additional 1,142,531 shares during the period. Manning & Napier Group LLC grew its holdings in FMC by 58.9% during the 3rd quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after acquiring an additional 833,845 shares during the last quarter. JPMorgan Chase & Co. increased its position in FMC by 93.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,078,180 shares of the basic materials company’s stock valued at $112,497,000 after acquiring an additional 521,454 shares during the period. Finally, Invesco Ltd. raised its stake in shares of FMC by 41.5% during the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock valued at $208,094,000 after acquiring an additional 463,542 shares during the last quarter. 86.91% of the stock is currently owned by institutional investors.

Insider Transactions at FMC

In related news, Director Robert C. Pallash purchased 3,845 shares of FMC stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $52.48 per share, for a total transaction of $201,785.60. Following the completion of the transaction, the director now owns 47,871 shares in the company, valued at $2,512,270.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on FMC shares. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $59.00 price objective (down from $135.00) on shares of FMC in a research report on Tuesday, October 24th. UBS Group upped their target price on FMC from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Wells Fargo & Company lowered their price target on shares of FMC from $99.00 to $73.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Finally, BNP Paribas lowered shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $78.24.

Read Our Latest Stock Report on FMC

FMC Stock Performance

NYSE FMC opened at $52.04 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 0.96. The company has a fifty day moving average price of $58.66 and a 200-day moving average price of $66.92. FMC Co. has a 1 year low of $49.49 and a 1 year high of $131.77. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 1.60 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company posted $2.37 earnings per share. As a group, equities research analysts predict that FMC Co. will post 4.17 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a yield of 4.46%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

FMC Profile

(Free Report)

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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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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