KLP Kapitalforvaltning AS Takes Position in FMC Co. (NYSE:FMC)

KLP Kapitalforvaltning AS purchased a new stake in shares of FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 31,500 shares of the basic materials company’s stock, valued at approximately $1,547,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in shares of FMC during the fourth quarter worth $29,000. Millburn Ridgefield Corp increased its position in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of FMC by 217.4% during the fourth 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 last quarter. IFP Advisors Inc lifted its holdings in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Down 0.9 %

Shares of NYSE FMC opened at $42.25 on Friday. 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 Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The stock has a market capitalization of $5.28 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a 50-day moving average price of $43.00 and a 200-day moving average price of $52.87.

FMC (NYSE:FMC) last released its quarterly earnings results 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%. On average, equities research analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal 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 paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insiders Place Their Bets

In other FMC news, Director Carol Anthony Davidson bought 6,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FMC. Vertical Research raised FMC to a “hold” rating in a research report on Wednesday, February 5th. Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a research note on Thursday, March 6th. Mizuho decreased their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.15.

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.