Brooklyn Investment Group Takes $52,000 Position in FMC Co. (NYSE:FMC)

Brooklyn Investment Group purchased a new stake in shares of FMC Co. (NYSE:FMC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 784 shares of the basic materials company’s stock, valued at approximately $52,000.

Other institutional investors have also recently made changes to their positions in the company. Barnett & Company Inc. purchased a new position in shares of FMC during the 3rd quarter valued at $2,265,000. Advisors Asset Management Inc. lifted its position in shares of FMC by 27.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after buying an additional 9,449 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of FMC by 483.8% during the 1st quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock valued at $2,216,000 after buying an additional 28,823 shares during the last quarter. tru Independence LLC purchased a new position in shares of FMC during the 3rd quarter valued at $5,323,000. Finally, CWM LLC lifted its position in shares of FMC by 87.4% during the 2nd quarter. CWM LLC now owns 17,662 shares of the basic materials company’s stock valued at $1,016,000 after buying an additional 8,238 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

Shares of NYSE FMC opened at $59.09 on Friday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 5.06, a P/E/G ratio of 1.57 and a beta of 0.85. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock’s 50-day simple moving average is $61.44 and its two-hundred day simple moving average is $60.67. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. As a group, equities analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho increased their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. KeyCorp dropped their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets increased their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Finally, Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.85% of the company’s stock.

FMC Company Profile

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.