Paragon Capital Management LLC bought a new position in FMC Corp (NYSE:FMC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 400 shares of the basic materials company’s stock, valued at approximately $31,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new position in FMC in the 4th quarter worth about $27,000. We Are One Seven LLC bought a new position in FMC in the 4th quarter worth about $31,000. Lindbrook Capital LLC bought a new position in FMC in the 4th quarter worth about $31,000. Riverview Trust Co bought a new position in FMC in the 4th quarter worth about $32,000. Finally, Hanseatic Management Services Inc. increased its stake in FMC by 52.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 546 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.
In other FMC news, Director Robert C. Pallash sold 6,992 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total value of $610,261.76. Following the completion of the sale, the director now owns 37,458 shares in the company, valued at approximately $3,269,334.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Pierre R. Brondeau sold 94,424 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $84.34, for a total value of $7,963,720.16. Following the completion of the sale, the chief executive officer now owns 312,861 shares of the company’s stock, valued at approximately $26,386,696.74. The disclosure for this sale can be found here. Insiders have sold a total of 131,880 shares of company stock valued at $11,144,839 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
Shares of FMC stock opened at $79.76 on Tuesday. The stock has a market cap of $10.52 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.31 and a beta of 1.48. FMC Corp has a 1-year low of $69.36 and a 1-year high of $92.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.35 and a quick ratio of 0.98.
FMC (NYSE:FMC) last issued its earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.05. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. FMC had a return on equity of 27.73% and a net margin of 10.62%. During the same period in the prior year, the business posted $1.10 EPS. As a group, equities research analysts expect that FMC Corp will post 5.67 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, March 28th. FMC’s dividend payout ratio is presently 25.44%.
A number of equities analysts have weighed in on the company. Loop Capital set a $102.00 target price on FMC and gave the stock a “buy” rating in a research note on Friday. KeyCorp reduced their price objective on FMC from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $112.00 price objective (up from $108.00) on shares of FMC in a research report on Thursday, March 21st. Goldman Sachs Group reiterated a “neutral” rating and set a $81.00 price objective on shares of FMC in a research report on Friday, March 8th. Finally, ValuEngine upgraded FMC from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $98.00.
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FMC Company Profile
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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