FMC Corp (FMC) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC trimmed its holdings in shares of FMC Corp (NYSE:FMC) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,596 shares of the basic materials company’s stock after selling 1,820 shares during the period. Hardman Johnston Global Advisors LLC owned approximately 0.19% of FMC worth $21,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of FMC by 4.7% during the second quarter. CIBC Asset Management Inc now owns 12,777 shares of the basic materials company’s stock valued at $1,140,000 after purchasing an additional 571 shares during the period. Moors & Cabot Inc. increased its holdings in shares of FMC by 9.4% during the first quarter. Moors & Cabot Inc. now owns 6,966 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 601 shares during the period. Manning & Napier Group LLC increased its holdings in shares of FMC by 2.6% during the second quarter. Manning & Napier Group LLC now owns 25,290 shares of the basic materials company’s stock valued at $2,255,000 after purchasing an additional 645 shares during the period. Suntrust Banks Inc. increased its holdings in shares of FMC by 14.7% during the first quarter. Suntrust Banks Inc. now owns 5,162 shares of the basic materials company’s stock valued at $394,000 after purchasing an additional 660 shares during the period. Finally, Twin Capital Management Inc. increased its holdings in shares of FMC by 0.7% during the second quarter. Twin Capital Management Inc. now owns 89,220 shares of the basic materials company’s stock valued at $7,959,000 after purchasing an additional 660 shares during the period. 89.76% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. ValuEngine lowered FMC from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered FMC from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Nomura lifted their target price on FMC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.69.

In related news, Director Dirk A. Kempthorne purchased 1,173 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were purchased at an average price of $86.12 per share, with a total value of $101,018.76. Following the purchase, the director now owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $89.15, for a total value of $33,431.25. Following the completion of the transaction, the insider now directly owns 8,604 shares in the company, valued at approximately $767,046.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

NYSE:FMC opened at $83.62 on Thursday. The stock has a market cap of $11.74 billion, a P/E ratio of 30.86, a PEG ratio of 0.78 and a beta of 1.59. FMC Corp has a 52-week low of $72.73 and a 52-week high of $98.70. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.96.

FMC (NYSE:FMC) last released its earnings results on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. FMC had a return on equity of 27.12% and a net margin of 23.96%. FMC’s revenue was up 92.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. Sell-side analysts anticipate that FMC Corp will post 6.07 earnings per share for the current fiscal year.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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