abrdn plc Has $21.56 Million Position in FMC Co. (NYSE:FMC)

abrdn plc raised its position in FMC Co. (NYSE:FMC - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,968 shares of the basic materials company's stock after buying an additional 18,335 shares during the quarter. abrdn plc owned about 0.27% of FMC worth $21,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMC. Wellington Management Group LLP raised its stake in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company's stock valued at $728,745,000 after purchasing an additional 1,634,535 shares during the period. Manning & Napier Group LLC boosted its holdings in shares of FMC by 58.9% in the 3rd quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company's stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of FMC by 175.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company's stock worth $55,978,000 after purchasing an additional 532,158 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of FMC by 37.9% in the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company's stock worth $118,166,000 after purchasing an additional 484,500 shares in the last quarter. Finally, Tweedy Browne Co LLC boosted its holdings in shares of FMC by 43.2% in the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company's stock worth $96,692,000 after purchasing an additional 435,404 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insider Activity

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company's stock.

FMC Stock Down 0.4 %

NYSE:FMC traded down $0.25 during trading hours on Wednesday, reaching $58.40. The company's stock had a trading volume of 1,011,108 shares, compared to its average volume of 1,969,936. The stock has a 50 day moving average price of $59.21 and a two-hundred day moving average price of $58.10. The company has a market capitalization of $7.29 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC Co. has a 12 month low of $49.49 and a 12 month high of $124.61.

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

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, March 27th. FMC's dividend payout ratio (DPR) is presently 22.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FMC shares. Loop Capital increased their target price on FMC from $55.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, March 19th. Roth Mkm assumed coverage on FMC in a research note on Thursday, January 4th. They set a "buy" rating and a $74.00 target price on the stock. BNP Paribas downgraded FMC from an "outperform" rating to a "neutral" rating and set a $56.00 price target on the stock. in a research note on Wednesday, February 7th. Bank of America downgraded FMC from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. Finally, UBS Group raised FMC from a "neutral" rating to a "buy" rating and raised their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $71.75.

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.