FMC Co. (NYSE:FMC) Shares Purchased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,600 shares of the basic materials company's stock after acquiring an additional 9,400 shares during the quarter. Inspire Trust Co. N.A. owned approximately 0.06% of FMC worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after purchasing an additional 180,766 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in FMC by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock valued at $212,714,000 after buying an additional 321,241 shares in the last quarter. Invesco Ltd. grew its holdings in FMC by 37.8% during the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after buying an additional 977,110 shares during the last quarter. Geode Capital Management LLC increased its position in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock worth $145,452,000 after buying an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after buying an additional 707,727 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Friday, April 25th. Morgan Stanley decreased their price target 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. Bank of America reiterated an "underperform" rating and set a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Citigroup upped their price objective on shares of FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $49.46.

Insider Activity at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Anthony Davidson acquired 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. This trade represents 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.

FMC Trading Down 3.2%

Shares of FMC opened at $39.29 on Thursday. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.55. The firm has a market capitalization of $4.91 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. 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 stock's fifty day simple moving average is $39.12 and its 200 day simple moving average is $46.11.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company's quarterly revenue was down 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. On average, equities research analysts forecast that FMC Co. will post 3.48 earnings per share 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 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 yield of 5.91%. FMC's dividend payout ratio (DPR) is 88.55%.

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.

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