FMC Co. (NYSE:FMC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its position in shares of FMC Co. (NYSE:FMC - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 380,400 shares of the basic materials company's stock after selling 155,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.30% of FMC worth $18,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 acquiring an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FMC by 7.9% in the fourth 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 acquiring an additional 321,241 shares in the last quarter. Invesco Ltd. lifted its position in shares of FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after acquiring an additional 977,110 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FMC by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after acquiring an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of FMC by 44.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after acquiring an additional 707,727 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Up 1.7%

NYSE:FMC traded up $0.66 on Tuesday, hitting $38.88. 272,656 shares of the stock were exchanged, compared to its average volume of 2,052,172. The stock has a market cap of $4.86 billion, a PE ratio of 14.29, a PEG 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 has a fifty day moving average of $38.84 and a 200-day moving average of $45.40. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.55.

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

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.97%. FMC's dividend payout ratio is presently 88.55%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts have recently issued reports on FMC shares. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research report on Friday, April 25th. KeyCorp upped their price objective on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Citigroup upped their price objective on FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Redburn Atlantic downgraded FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a research report on Friday, February 14th. Finally, UBS Group increased their target price on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $49.46.

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.