4,395 Shares in FMC Co. (NYSE:FMC) Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. bought a new stake in FMC Co. (NYSE:FMC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,395 shares of the basic materials company’s stock, valued at approximately $214,000.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Bank of New York Mellon Corp grew its position in FMC by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock worth $101,509,000 after acquiring an additional 685,995 shares in the last quarter. Ilex Capital Partners UK LLP increased its stake in shares of FMC by 2,129.4% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after purchasing an additional 420,601 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of FMC by 50.7% during the 4th quarter. Jones Financial Companies Lllp now owns 427,256 shares of the basic materials company’s stock valued at $20,769,000 after purchasing an additional 143,770 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FMC in the 4th quarter valued at $5,573,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FMC has been the topic of several analyst reports. KeyCorp lowered their target price on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 price objective on the stock. Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Barclays reduced their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.15.

Insider Buying and Selling at FMC

In other news, insider Ronaldo Pereira purchased 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the acquisition, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carol Anthony Davidson acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, with a total value of $223,980.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

FMC Price Performance

Shares of NYSE:FMC opened at $42.25 on Friday. The business’s 50 day moving average is $43.00 and its 200-day moving average is $52.87. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $5.28 billion, a PE ratio of 15.53, a PEG ratio of 1.90 and a beta of 0.93. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio is 85.29%.

About FMC

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.