Jones Financial Companies Lllp reduced its holdings in FMC Corp (NYSE:FMC) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,986 shares of the basic materials company’s stock after selling 6,936 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.05% of FMC worth $6,814,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FMC during the fourth quarter worth about $123,000. Assetmark Inc. increased its stake in FMC by 212.2% during the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in FMC by 256.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 1,246 shares during the last quarter. Roundview Capital LLC acquired a new stake in FMC during the fourth quarter worth about $204,000. Finally, Cetera Advisor Networks LLC acquired a new stake in FMC during the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.
FMC has been the subject of several research analyst reports. Seaport Global Securities upgraded FMC from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Credit Suisse Group set a $111.00 price target on FMC and gave the stock a “buy” rating in a research note on Tuesday, January 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $98.00 target price on shares of FMC in a research report on Thursday, February 15th. Goldman Sachs Group began coverage on FMC in a research report on Monday, December 4th. They issued a “neutral” rating and a $98.00 target price for the company. Finally, Stephens began coverage on FMC in a research report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $98.37.
FMC Corp (FMC) opened at $83.55 on Monday. The company has a market capitalization of $11,223.32, a PE ratio of 20.94, a P/E/G ratio of 1.36 and a beta of 1.60. FMC Corp has a 1-year low of $59.11 and a 1-year high of $98.70. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.
FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The firm had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. FMC’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. equities analysts forecast that FMC Corp will post 5.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s dividend payout ratio is currently 16.54%.
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FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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