Barclays PLC Grows Stock Holdings in FMC Co. (NYSE:FMC)

Barclays PLC increased its position in FMC Co. (NYSE:FMC) by 17.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 310,378 shares of the basic materials company’s stock after buying an additional 45,752 shares during the quarter. Barclays PLC’s holdings in FMC were worth $20,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FMC. Millburn Ridgefield Corp boosted its stake in shares of FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 324 shares during the period. First Horizon Advisors Inc. lifted its holdings 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. boosted 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 during the period. UMB Bank n.a. grew 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 valued at $39,000 after buying an additional 246 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of FMC during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

Shares of FMC stock opened at $53.50 on Friday. The stock has a 50 day moving average price of $59.83 and a 200-day moving average price of $60.17. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC (NYSE:FMC) last posted its quarterly earnings data 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 net margin of 34.93% and a return on equity of 7.68%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts expect that FMC Co. will post 3.35 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors 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 yield of 4.34%. The ex-dividend date is Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is currently 19.97%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup initiated coverage on FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $68.00.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.