DB Wealth Management Group LLC Buys Shares of 270 FMC Co. (NYSE:FMC)

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DB Wealth Management Group LLC bought a new stake in shares of FMC Co. (NYSE:FMC) in the 4th quarter, Holdings Channel.com reports. The fund bought 270 shares of the basic materials company’s stock, valued at approximately $31,000.

A number of other large investors have also bought and sold shares of FMC. Van ECK Associates Corp grew its holdings in shares of FMC by 298.0% during the third quarter. Van ECK Associates Corp now owns 701,739 shares of the basic materials company’s stock worth $74,321,000 after buying an additional 525,425 shares in the last quarter. Boston Partners grew its holdings in shares of FMC by 7.8% during the third quarter. Boston Partners now owns 4,752,829 shares of the basic materials company’s stock worth $503,372,000 after buying an additional 345,150 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of FMC by 1,623.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 357,871 shares of the basic materials company’s stock worth $37,902,000 after buying an additional 337,101 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of FMC by 974.1% during the fourth quarter. State of Michigan Retirement System now owns 355,167 shares of the basic materials company’s stock worth $40,819,000 after buying an additional 322,100 shares in the last quarter. Finally, Pelham Capital Ltd. grew its holdings in shares of FMC by 27.4% during the third quarter. Pelham Capital Ltd. now owns 1,211,926 shares of the basic materials company’s stock worth $128,355,000 after buying an additional 260,895 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

In other news, Director Eduardo E. Cordeiro sold 5,625 shares of the business’s stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of $118.86, for a total transaction of $668,587.50. Following the transaction, the director now directly owns 22,826 shares of the company’s stock, valued at $2,713,098.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Pfeiffer sold 733 shares of the business’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $118.50, for a total transaction of $86,860.50. Following the transaction, the insider now directly owns 11,547 shares in the company, valued at $1,368,319.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,091 shares of company stock worth $842,309. Corporate insiders own 0.99% of the company’s stock.

Shares of FMC stock opened at $110.26 on Friday. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 1.02. FMC Co. has a fifty-two week low of $56.77 and a fifty-two week high of $123.66. The firm’s 50 day moving average price is $115.26 and its two-hundred day moving average price is $111.18.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 8th. The basic materials company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). FMC had a net margin of 10.64% and a return on equity of 30.81%. On average, equities analysts forecast that FMC Co. will post 6.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 21st. Stockholders of record on Thursday, December 31st were given a dividend of $0.48 per share. This is a boost from FMC’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Wednesday, December 30th. FMC’s payout ratio is presently 31.53%.

A number of equities research analysts have recently commented on FMC shares. Zacks Investment Research downgraded shares of FMC from a “buy” rating to a “hold” rating and set a $113.00 price target for the company. in a report on Wednesday, October 21st. Monness Crespi & Hardt raised shares of FMC from a “neutral” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Thursday. Citigroup decreased their target price on shares of FMC from $141.00 to $138.00 in a research report on Wednesday, January 20th. BMO Capital Markets raised their target price on shares of FMC from $120.00 to $124.00 in a research report on Wednesday, November 18th. Finally, Credit Suisse Group decreased their target price on shares of FMC from $141.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $122.19.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.

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