FMC Co. (NYSE:FMC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of FMC Co. (NYSE:FMCFree Report) by 55.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,264 shares of the basic materials company’s stock after selling 278,691 shares during the quarter. Principal Financial Group Inc.’s holdings in FMC were worth $14,818,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in FMC by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock worth $1,850,913,000 after buying an additional 258,552 shares during the last quarter. BlackRock Inc. raised its position in FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock worth $1,421,276,000 after buying an additional 228,436 shares during the last quarter. State Street Corp raised its position in FMC by 1.2% during the 2nd quarter. State Street Corp now owns 5,753,525 shares of the basic materials company’s stock worth $603,597,000 after buying an additional 70,005 shares during the last quarter. Boston Partners raised its position in FMC by 12.6% during the 2nd quarter. Boston Partners now owns 2,958,032 shares of the basic materials company’s stock worth $308,535,000 after buying an additional 330,228 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in FMC by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,654,077 shares of the basic materials company’s stock worth $276,194,000 after buying an additional 40,758 shares during the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert C. Pallash purchased 3,845 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $52.48 per share, with a total value of $201,785.60. Following the purchase, the director now directly owns 47,871 shares of the company’s stock, valued at $2,512,270.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on FMC shares. Royal Bank of Canada restated an “outperform” rating and set a $61.00 price objective on shares of FMC in a research report on Friday, November 17th. Roth Mkm started coverage on shares of FMC in a report on Thursday, January 4th. They issued a “buy” rating and a $74.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down previously from $100.00) on shares of FMC in a report on Tuesday, October 24th. StockNews.com upgraded shares of FMC from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets downgraded shares of FMC from an “outperform” rating to a “market perform” rating and cut their price target for the company from $80.00 to $63.00 in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $80.38.

Check Out Our Latest Stock Analysis on FMC

FMC Stock Performance

NYSE:FMC opened at $57.48 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $58.06 and a two-hundred day moving average price of $68.41. FMC Co. has a twelve month low of $49.49 and a twelve month high of $133.35. The company has a market capitalization of $7.17 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.68 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). FMC had a return on equity of 18.84% and a net margin of 10.01%. The firm had revenue of $981.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $1.23 earnings per share. FMC’s revenue for the quarter was down 28.7% on a year-over-year basis. As a group, research analysts expect that FMC Co. will post 3.82 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.32 annualized dividend and a dividend yield of 4.04%. FMC’s dividend payout ratio is currently 59.03%.

About FMC

(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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