Inceptionr LLC Invests $1.41 Million in FMC Co. (NYSE:FMC)

Inceptionr LLC bought a new position in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,044 shares of the basic materials company’s stock, valued at approximately $1,412,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp raised its stake in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $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 third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in FMC in the fourth quarter valued at about $29,000. Peterson Financial Group Inc. acquired a new position in FMC in the third quarter valued at about $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC in the third quarter valued at about $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FMC shares. Bank of America reaffirmed an “underperform” rating and issued a $48.00 price target (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Friday, February 14th. BMO Capital Markets dropped their price target on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Finally, Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.23.

FMC Stock Up 7.9 %

Shares of NYSE:FMC opened at $39.48 on Thursday. The business has a fifty day moving average price of $45.98 and a two-hundred day moving average price of $55.43. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The company has a market capitalization of $4.93 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.88%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by corporate insiders.

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.