Western Wealth Management LLC Makes New Investment in FMC Co. (NYSE:FMC)

Western Wealth Management LLC bought a new position in FMC Co. (NYSE:FMC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,654 shares of the basic materials company's stock, valued at approximately $987,000.

Several other institutional investors have also recently bought and sold shares of FMC. Daiwa Securities Group Inc. grew its position in FMC by 6.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 11,053 shares of the basic materials company's stock worth $697,000 after purchasing an additional 699 shares during the last quarter. SVB Wealth LLC acquired a new stake in FMC in the 4th quarter worth $366,000. Investors Research Corp grew its position in FMC by 1,186.4% in the 4th quarter. Investors Research Corp now owns 10,291 shares of the basic materials company's stock worth $649,000 after purchasing an additional 9,491 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in FMC by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 376,858 shares of the basic materials company's stock worth $23,761,000 after purchasing an additional 3,354 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in FMC in the 4th quarter worth $473,000. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FMC shares. UBS Group upgraded shares of FMC from a "neutral" rating to a "buy" rating and raised their price target for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. BMO Capital Markets decreased their target price on shares of FMC from $63.00 to $61.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 7th. Wolfe Research assumed coverage on shares of FMC in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. StockNews.com lowered shares of FMC from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Royal Bank of Canada decreased their target price on shares of FMC from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, FMC currently has an average rating of "Hold" and an average target price of $71.75.

FMC Price Performance

FMC stock traded up $0.88 during trading on Friday, hitting $57.82. 1,343,836 shares of the stock traded hands, compared to its average volume of 1,521,963. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 1.86 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $58.82 and a 200 day simple moving average of $58.16.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. Equities analysts expect that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Wednesday, March 27th. FMC's dividend payout ratio is presently 22.03%.

Insiders Place Their Bets

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company's stock.

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.