S&CO Inc. Acquires 12,193 Shares of FMC Co. (NYSE:FMC)

S&CO Inc. lifted its stake in FMC Co. (NYSE:FMC) by 3.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 350,863 shares of the basic materials company’s stock after acquiring an additional 12,193 shares during the period. FMC makes up 1.5% of S&CO Inc.’s portfolio, making the stock its 18th largest holding. S&CO Inc.’s holdings in FMC were worth $23,135,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its position in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares in the last quarter. LRI Investments LLC bought a new position in shares of FMC during the 1st quarter valued at approximately $41,000. UMB Bank n.a. increased its holdings in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in FMC during the 3rd quarter worth approximately $51,000. Finally, EntryPoint Capital LLC lifted its holdings in FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 795 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FMC. KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Citigroup began coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target for the company. Royal Bank of Canada boosted their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Barclays boosted their price target on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.00.

Insider Activity

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The shares were 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 of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.85% of the company’s stock.

FMC Trading Down 2.0 %

Shares of FMC opened at $54.39 on Friday. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company’s fifty day moving average is $62.22 and its 200 day moving average is $60.97. The stock has a market capitalization of $6.79 billion, a PE ratio of 4.68, a P/E/G ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm 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 period in the prior year, the company earned $0.44 EPS. Sell-side analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

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.