Crossmark Global Holdings Inc. grew its holdings in FMC Corp (NYSE:FMC) by 43.0% during the fourth quarter, Holdings Channel reports. The fund owned 13,859 shares of the basic materials company’s stock after purchasing an additional 4,169 shares during the period. Crossmark Global Holdings Inc.’s holdings in FMC were worth $1,312,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FMC. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of FMC in the 4th quarter valued at about $123,000. Advisor Partners LLC purchased a new position in shares of FMC in the 3rd quarter valued at about $216,000. Achmea Investment Management B.V. purchased a new position in shares of FMC in the 3rd quarter valued at about $246,000. Wright Investors Service Inc. increased its holdings in shares of FMC by 45.8% in the 4th quarter. Wright Investors Service Inc. now owns 3,506 shares of the basic materials company’s stock valued at $332,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of FMC in the 4th quarter valued at about $548,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.
FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $993.57 million. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 42.3% on a year-over-year basis. equities analysts predict that FMC Corp will post 5.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. FMC’s payout ratio is 16.54%.
A number of research firms have recently commented on FMC. TheStreet downgraded FMC from a “b” rating to a “c” rating in a report on Monday. Citigroup upgraded FMC from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday. Loop Capital reissued a “positive” rating and issued a $111.00 target price (up from $108.00) on shares of FMC in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating on shares of FMC in a research report on Wednesday. Finally, Credit Suisse Group set a $106.00 target price on FMC and gave the company an “outperform” rating in a research report on Wednesday. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $97.63.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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