Stifel Financial Corp Has $6.23 Million Stock Holdings in FMC Co. (NYSE:FMC)

Stifel Financial Corp lifted its stake in shares of FMC Co. (NYSE:FMC) by 11.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 94,508 shares of the basic materials company’s stock after buying an additional 9,772 shares during the quarter. Stifel Financial Corp owned about 0.08% of FMC worth $6,232,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp raised its stake in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its stake in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. raised its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares in the last quarter. UMB Bank n.a. raised its stake in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in FMC in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Down 1.8 %

FMC opened at $53.50 on Friday. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 4.60, a PEG ratio of 1.48 and a beta of 0.80. The company’s 50 day moving average price is $59.83 and its two-hundred day moving average price is $60.19.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.34%. FMC’s dividend payout ratio (DPR) is currently 19.97%.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FMC. Mizuho lifted their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup started coverage on shares of FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, FMC currently has an average rating of “Hold” and an average price target of $68.00.

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.