Tower Research Capital LLC TRC Has $778,000 Stake in FMC Co. (NYSE:FMC)

Tower Research Capital LLC TRC grew its holdings in FMC Co. (NYSE:FMC - Free Report) by 140.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,999 shares of the basic materials company's stock after acquiring an additional 9,345 shares during the period. Tower Research Capital LLC TRC's holdings in FMC were worth $778,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock worth $20,465,000 after acquiring an additional 45,752 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in FMC during the 3rd quarter worth approximately $205,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FMC in the 3rd quarter worth approximately $58,000. Synovus Financial Corp increased its holdings in shares of FMC by 82.9% in the 3rd quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company's stock valued at $3,290,000 after acquiring an additional 22,612 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its position in shares of FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock valued at $3,970,000 after acquiring an additional 9,500 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

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

Analyst Upgrades and Downgrades

FMC has been the topic of a number of research reports. Bank of America reissued an "underperform" rating and set a $48.00 target price (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Vertical Research raised FMC to a "hold" rating in a report on Wednesday, February 5th. The Goldman Sachs Group began coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. Barclays lowered their target price on FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus price target of $49.46.

FMC Trading Down 1.4 %

Shares of FMC stock traded down $0.53 on Friday, reaching $37.92. 774,938 shares of the company were exchanged, compared to its average volume of 3,137,908. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.72. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The stock has a fifty day moving average price of $39.50 and a 200-day moving average price of $48.50.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The firm's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is presently 85.29%.

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.