Cresset Asset Management LLC Acquires 31,946 Shares of FMC Co. (NYSE:FMC)

Cresset Asset Management LLC increased its stake in FMC Co. (NYSE:FMC - Free Report) by 17.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 214,452 shares of the basic materials company's stock after buying an additional 31,946 shares during the quarter. Cresset Asset Management LLC owned 0.17% of FMC worth $10,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of FMC during the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of FMC during the 4th quarter worth $37,000. IFP Advisors Inc increased its holdings in FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after acquiring an additional 379 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Carol Anthony Davidson acquired 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronaldo Pereira bought 5,600 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FMC. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective on the stock. KeyCorp lifted their target price on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, StockNews.com lowered shares of FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $49.46.

FMC Stock Down 0.6 %

FMC opened at $35.70 on Wednesday. The business's 50-day moving average price is $39.40 and its 200-day moving average price is $47.86. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.72. The company has a market cap of $4.46 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business's revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. On average, equities analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.50%. FMC's dividend payout ratio is currently 88.55%.

FMC 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.

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