International Assets Investment Management LLC Takes $5.71 Million Position in FMC Co. (NYSE:FMC)

International Assets Investment Management LLC purchased a new position in shares of FMC Co. (NYSE:FMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,477 shares of the basic materials company's stock, valued at approximately $5,705,000. International Assets Investment Management LLC owned about 0.07% of FMC at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. CVA Family Office LLC bought a new stake in shares of FMC in the 4th quarter valued at about $31,000. Quintet Private Bank Europe S.A. acquired a new stake in FMC during the 3rd quarter valued at approximately $33,000. Spire Wealth Management raised its holdings in FMC by 143.1% during the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company's stock worth $34,000 after purchasing an additional 299 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in FMC by 50.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company's stock worth $46,000 after purchasing an additional 228 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of FMC by 42.0% in the 3rd quarter. Covestor Ltd now owns 984 shares of the basic materials company's stock worth $66,000 after purchasing an additional 291 shares during the period. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of FMC from $61.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 8th. BNP Paribas lowered FMC from an "outperform" rating to a "neutral" rating and set a $56.00 target price on the stock. in a research report on Wednesday, February 7th. KeyCorp lifted their target price on FMC from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday. Wells Fargo & Company boosted their price target on FMC from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of FMC from $63.00 to $61.00 and set a "market perform" rating for the company in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.69.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the company's stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by corporate insiders.

FMC Stock Down 2.9 %

FMC traded down $1.91 during midday trading on Wednesday, reaching $64.84. 2,701,050 shares of the company were exchanged, compared to its average volume of 1,990,886. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. FMC Co. has a one year low of $49.49 and a one year high of $112.10. The company's fifty day moving average price is $60.71 and its 200 day moving average price is $57.79. 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 (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. FMC's revenue was down 31.7% compared to the same quarter last year. As a group, analysts expect that FMC Co. will post 3.88 EPS for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.58%. The ex-dividend date is Friday, June 28th. FMC's dividend payout ratio (DPR) is presently 22.03%.

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.