AGF Management Ltd. Purchases 19,859 Shares of FMC Co. (NYSE:FMC)

AGF Management Ltd. grew its position in shares of FMC Co. (NYSE:FMC - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,094 shares of the basic materials company's stock after buying an additional 19,859 shares during the quarter. AGF Management Ltd.'s holdings in FMC were worth $3,411,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Keybank National Association OH lifted its holdings in FMC by 4.3% in the third quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company's stock valued at $341,000 after acquiring an additional 208 shares during the period. Treasurer of the State of North Carolina grew its position in FMC by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company's stock worth $3,779,000 after buying an additional 210 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of FMC by 50.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 228 shares during the period. WealthPLAN Partners LLC boosted its stake in shares of FMC by 2.5% during the 4th quarter. WealthPLAN Partners LLC now owns 11,917 shares of the basic materials company's stock worth $751,000 after acquiring an additional 285 shares in the last quarter. Finally, Covestor Ltd grew its holdings 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 acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Trading Down 1.2 %

FMC stock traded down $0.82 during midday trading on Monday, reaching $66.71. The stock had a trading volume of 1,661,933 shares, compared to its average volume of 1,972,967. FMC Co. has a twelve month low of $49.49 and a twelve month high of $111.95. The stock has a market capitalization of $8.33 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. The stock's 50-day simple moving average is $61.40 and its 200 day simple moving average is $57.99.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm had revenue of $918.00 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm's revenue for the quarter was down 31.7% compared to the same quarter last year. Analysts expect that FMC Co. will post 3.82 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, June 28th. FMC's dividend payout ratio is presently 25.89%.

Insiders Place Their Bets

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction on Monday, March 4th. The shares were bought at an average price of $59.22 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on FMC. BNP Paribas downgraded 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. Loop Capital increased their price target on shares of FMC from $55.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, March 19th. Mizuho lifted their price objective on FMC from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. UBS Group raised FMC from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of FMC from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $70.56.

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.