Mutual of America Capital Management LLC Boosts Position in FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC lifted its stake in shares of FMC Co. (NYSE:FMC) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,536 shares of the basic materials company’s stock after acquiring an additional 2,937 shares during the period. Mutual of America Capital Management LLC owned 0.06% of FMC worth $3,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FMC. Golden State Wealth Management LLC purchased a new position in shares of FMC during the 4th quarter worth $29,000. Millburn Ridgefield Corp raised its holdings in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after buying an additional 324 shares during the period. First Horizon Advisors Inc. raised its holdings in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the period. IFP Advisors Inc raised its holdings in FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after buying an additional 379 shares during the period. Finally, Principal Securities Inc. raised its holdings in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

Shares of FMC stock opened at $39.48 on Thursday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a market cap of $4.93 billion, a PE ratio of 14.51, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The business has a 50-day simple moving average of $45.98 and a 200-day simple moving average of $55.43.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, equities research analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

Analysts Set New Price Targets

FMC has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Bank of America restated an “underperform” rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Citigroup boosted their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. KeyCorp reduced their price objective on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Vertical Research raised FMC to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, FMC presently has an average rating of “Hold” and a consensus target price of $52.23.

Insider Transactions at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

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.