FMC Co. (NYSE:FMC) Shares Bought by Kempner Capital Management Inc.

Kempner Capital Management Inc. raised its position in shares of FMC Co. (NYSE:FMC) by 188.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,362 shares of the basic materials company’s stock after purchasing an additional 40,060 shares during the quarter. Kempner Capital Management Inc.’s holdings in FMC were worth $2,983,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp increased its position in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. lifted its position in shares of FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of FMC in the third quarter valued at approximately $51,000. Finally, Brooklyn Investment Group bought a new stake in shares of FMC during the 3rd quarter worth $52,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Performance

Shares of FMC stock opened at $56.45 on Friday. The firm has a 50 day simple moving average of $53.72 and a 200 day simple moving average of $58.95. The firm has a market cap of $7.05 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.21 and a beta of 0.83. FMC Co. has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. Sell-side analysts predict that FMC Co. will post 3.33 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.11%. FMC’s dividend payout ratio (DPR) is currently 19.97%.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction 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 owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,491 shares of company stock valued at $433,898 over the last 90 days. 0.85% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FMC shares. Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $63.00 to $61.00 in a research note on Tuesday, January 14th. KeyCorp reduced their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Barclays upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Tuesday, January 21st. Royal Bank of Canada upped their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group dropped their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.75.

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.