Deutsche Bank AG Purchases 404,876 Shares of FMC Co. (NYSE:FMC)

Deutsche Bank AG lifted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,437,340 shares of the basic materials company's stock after buying an additional 404,876 shares during the period. Deutsche Bank AG owned approximately 1.15% of FMC worth $69,869,000 at the end of the most recent reporting period.

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

FMC Price Performance

FMC traded up $0.81 on Friday, hitting $40.03. 2,098,084 shares of the company's stock traded hands, compared to its average volume of 2,051,877. FMC Co. has a one year low of $32.83 and a one year high of $68.55. The company's 50 day simple moving average is $39.19 and its 200-day simple moving average is $46.77. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million during 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%. FMC's quarterly revenue was down 13.8% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. As a group, research analysts anticipate that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio is presently 88.55%.

Analysts Set New Price Targets

FMC has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on FMC in a report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price objective for the company. Morgan Stanley lowered their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup boosted their target price on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada downgraded shares of FMC from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, Vertical Research raised shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $49.46.

Insider Activity at FMC

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

About FMC

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.