Geode Capital Management LLC Purchases 3,493 Shares of FMC Co. (NYSE:FMC)

Geode Capital Management LLC lifted its holdings in shares of FMC Co. (NYSE:FMC) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,941,674 shares of the basic materials company’s stock after acquiring an additional 3,493 shares during the quarter. Geode Capital Management LLC owned approximately 2.36% of FMC worth $193,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after purchasing an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FMC by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after purchasing an additional 20,350 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after buying an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of FMC by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after buying an additional 17,381 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after acquiring an additional 64,055 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Activity

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

FMC Trading Down 1.8 %

FMC stock opened at $53.50 on Monday. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The business’s fifty day moving average is $59.83 and its 200 day moving average is $60.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $6.68 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. FMC’s dividend payout ratio is presently 19.97%.

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.