Barnett & Company Inc. Boosts Stock Position in FMC Co. (NYSE:FMC)

Barnett & Company Inc. grew its stake in shares of FMC Co. (NYSE:FMC) by 9.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,654 shares of the basic materials company’s stock after acquiring an additional 3,300 shares during the period. FMC comprises 1.2% of Barnett & Company Inc.’s investment portfolio, making the stock its 29th biggest position. Barnett & Company Inc.’s holdings in FMC were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Millburn Ridgefield Corp grew its holdings in FMC by 186.2% during 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 during the period. First Horizon Advisors Inc. grew its stake in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Golden State Wealth Management LLC bought a new position in shares of FMC during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC raised its stake in FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 511 shares during the period. Finally, Brooklyn Investment Group bought a new stake in FMC in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $41.62 on Monday. The firm has a market cap of $5.20 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.90 and a beta of 0.93. The firm’s fifty day moving average is $44.12 and its 200 day moving average is $53.43. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) 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%. Research analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.57%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of FMC in a research note on Thursday, March 13th. They set a “buy” rating and a $51.00 price target on the stock. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Bank of America reiterated an “underperform” rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Vertical Research raised FMC to a “hold” rating in a report on Wednesday, February 5th. Finally, Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, FMC presently has an average rating of “Hold” and an average target price of $51.15.

Insider Transactions at FMC

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $223,980. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

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.