FMC Co. (FMC) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in FMC Co. (NYSE:FMC) by 8.6% in the 1st quarter, HoldingsChannel reports. The firm owned 8,038 shares of the basic materials company’s stock after buying an additional 635 shares during the period. D.A. Davidson & CO.’s holdings in FMC were worth $615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FMC in the 4th quarter valued at approximately $123,000. Assetmark Inc. increased its stake in FMC by 212.2% in the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,012 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in FMC by 256.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 1,246 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in FMC by 223.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,187 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Tiemann Investment Advisors LLC purchased a new position in FMC in the 4th quarter valued at approximately $202,000. 88.15% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Pierre R. Brondeau sold 72,992 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $87.19, for a total transaction of $6,364,172.48. Following the sale, the chief executive officer now owns 407,487 shares in the company, valued at $35,528,791.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Several equities analysts have weighed in on FMC shares. Citigroup raised FMC from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Wednesday, February 14th. Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday, April 6th. SunTrust Banks reissued a “buy” rating and set a $98.00 price target on shares of FMC in a research report on Thursday, February 15th. Seaport Global Securities raised FMC from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of FMC in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $99.72.

FMC stock opened at $92.40 on Friday. FMC Co. has a 52-week low of $89.89 and a 52-week high of $91.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.61. The firm has a market cap of $12.34 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.21. FMC had a return on equity of 22.69% and a net margin of 26.54%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue was up 103.2% on a year-over-year basis. equities research analysts predict that FMC Co. will post 6.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 19th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, June 28th. FMC’s dividend payout ratio (DPR) is 24.35%.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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