FMC Co. (NYSE:FMC) Stock Position Boosted by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its stake in FMC Co. (NYSE:FMC) by 18.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,200 shares of the basic materials company’s stock after acquiring an additional 9,500 shares during the period. FMC accounts for approximately 1.1% of Inspire Trust Co. N.A.’s holdings, making the stock its 25th biggest position. Inspire Trust Co. N.A.’s holdings in FMC were worth $3,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp raised its position in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. increased 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 holdings in FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the period. UMB Bank n.a. raised its holdings in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after buying an additional 246 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in FMC during the third quarter valued at about $51,000. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho boosted their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Citigroup assumed coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.00.

FMC Stock Performance

Shares of FMC stock opened at $54.50 on Friday. The stock has a market cap of $6.80 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a fifty day moving average price of $60.04 and a two-hundred day moving average price of $60.25. FMC Co. has a one year low of $50.03 and a one year 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.

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

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.26%. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by 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.