Northern Trust Corp Has $93.64 Million Stake in FMC Co. (NYSE:FMC)

Northern Trust Corp grew its stake in FMC Co. (NYSE:FMC - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,926,284 shares of the basic materials company's stock after buying an additional 71,929 shares during the quarter. Northern Trust Corp owned 1.54% of FMC worth $93,637,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FMC. Golden State Wealth Management LLC bought a new position in FMC during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after buying an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in FMC in the 4th quarter valued at approximately $37,000. IFP Advisors Inc raised its position in FMC by 65.3% in 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. boosted its position in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock worth $48,000 after acquiring an additional 255 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on FMC. KeyCorp lifted their price objective on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. 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 note on Friday, February 14th. Wells Fargo & Company reduced their price objective on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Vertical Research upgraded FMC to a "hold" rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets dropped their target price on FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $49.46.

Insider Activity at FMC

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

FMC Stock Performance

FMC stock traded up $0.20 during mid-day trading on Friday, hitting $36.80. 1,464,697 shares of the company's stock traded hands, compared to its average volume of 2,047,925. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.72. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.90 and a beta of 0.80. The firm has a 50 day simple moving average of $39.39 and a two-hundred day simple moving average of $47.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC - Get Free Report) last announced its 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 business had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. FMC's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, research analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 6.30%. FMC's 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.