Parkside Financial Bank & Trust Buys 3,129 Shares of FMC Co. (NYSE:FMC)

Parkside Financial Bank & Trust grew its stake in FMC Co. (NYSE:FMC) by 356.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,008 shares of the basic materials company’s stock after purchasing an additional 3,129 shares during the quarter. Parkside Financial Bank & Trust’s holdings in FMC were worth $195,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FMC. Millburn Ridgefield Corp lifted its holdings in FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 324 shares during the period. First Horizon Advisors Inc. increased its position in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after buying an additional 246 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in FMC in the fourth quarter worth $29,000. Peterson Financial Group Inc. purchased a new stake in FMC in the third quarter worth $51,000. Finally, Brooklyn Investment Group purchased a new stake in FMC in the third quarter worth $52,000. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

Shares of NYSE FMC opened at $36.87 on Friday. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The stock has a fifty day moving average of $46.73 and a 200-day moving average of $55.95. 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 stock has a market cap of $4.60 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84.

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

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.29%. FMC’s payout ratio is 85.29%.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Vertical Research raised FMC to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Morgan Stanley decreased their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Mizuho decreased their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and an average price target of $52.23.

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.