FMC Co. (NYSE:FMC) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of FMC Co. (NYSE:FMCFree Report) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,895 shares of the basic materials company’s stock after buying an additional 19,327 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of FMC worth $8,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in shares of FMC by 18.1% in the third quarter. Commonwealth Equity Services LLC now owns 20,583 shares of the basic materials company’s stock valued at $1,378,000 after purchasing an additional 3,154 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of FMC by 57.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,205 shares of the basic materials company’s stock worth $1,420,000 after buying an additional 7,769 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FMC by 1.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,437 shares of the basic materials company’s stock valued at $1,369,000 after buying an additional 376 shares during the period. Fifth Third Bancorp lifted its holdings in FMC by 41.3% in the third quarter. Fifth Third Bancorp now owns 7,384 shares of the basic materials company’s stock valued at $495,000 after acquiring an additional 2,160 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in FMC by 6.6% in the third quarter. New Mexico Educational Retirement Board now owns 6,482 shares of the basic materials company’s stock worth $434,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FMC shares. BMO Capital Markets decreased their price target on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their price target on shares of FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Wolfe Research assumed coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Mizuho boosted their target price on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat, FMC presently has a consensus rating of “Hold” and an average target price of $70.56.

View Our Latest Analysis on FMC

FMC Price Performance

FMC stock opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02. The business has a 50 day simple moving average of $61.78 and a 200-day simple moving average of $58.28. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.95. The stock has a market capitalization of $7.99 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 2.13 and a beta of 0.88.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $1.77 EPS. The business’s revenue was down 31.7% on a year-over-year basis. Equities analysts predict that FMC Co. will post 3.76 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s payout ratio is 25.89%.

Insider Transactions at FMC

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.

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 includes 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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