Frank Rimerman Advisors LLC Purchases 520 Shares of FMC Co. (NYSE:FMC)

Frank Rimerman Advisors LLC raised its position in FMC Co. (NYSE:FMC) by 8.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,492 shares of the basic materials company’s stock after acquiring an additional 520 shares during the period. Frank Rimerman Advisors LLC’s holdings in FMC were worth $316,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FMC. Huntington National Bank lifted its stake in FMC by 56.1% in the 3rd quarter. Huntington National Bank now owns 1,308 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 470 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of FMC by 15.5% during the 3rd quarter. Metis Global Partners LLC now owns 12,430 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 1,672 shares in the last quarter. Impax Asset Management Group plc bought a new stake in shares of FMC during the 3rd quarter worth approximately $681,000. CIBC Asset Management Inc raised its stake in shares of FMC by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 17,433 shares of the basic materials company’s stock worth $1,150,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of FMC by 2,531.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after purchasing an additional 243,557 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Vertical Research upgraded FMC to a “hold” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday. They set a “buy” rating and a $51.00 price objective on the stock. KeyCorp dropped their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reissued a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.14.

Insider Transactions at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of FMC stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

FMC Stock Performance

Shares of NYSE FMC opened at $41.78 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The stock’s fifty day moving average price is $44.89 and its two-hundred day moving average price is $54.19. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating 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 analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio (DPR) is currently 85.29%.

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.