Royal London Asset Management Ltd. Buys 1,082 Shares of FMC Co. (NYSE:FMC)

Royal London Asset Management Ltd. increased its stake in shares of FMC Co. (NYSE:FMC) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,181 shares of the basic materials company’s stock after acquiring an additional 1,082 shares during the quarter. Royal London Asset Management Ltd.’s holdings in FMC were worth $3,101,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CVA Family Office LLC bought a new position in shares of FMC during the 4th quarter valued at about $31,000. Financial Connections Group Inc. bought a new position in FMC during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock valued at $43,000 after buying an additional 612 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 228 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of FMC during the 4th quarter worth approximately $54,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Trading Down 1.1 %

FMC stock traded down $0.63 during mid-day trading on Friday, hitting $54.79. The company’s stock had a trading volume of 1,266,395 shares, compared to its average volume of 2,278,089. FMC Co. has a one year low of $49.49 and a one year high of $108.91. The stock has a market cap of $6.84 billion, a PE ratio of 6.11, a P/E/G ratio of 1.10 and a beta of 0.88. The company has a 50 day moving average of $60.39 and a 200-day moving average of $59.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The firm had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $1.77 earnings per share. The business’s revenue for the quarter was down 31.7% on a year-over-year basis. On average, research analysts anticipate that FMC Co. will post 3.71 EPS for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FMC shares. Loop Capital raised their target price on shares of FMC from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Wells Fargo & Company boosted their target price on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. KeyCorp increased their price target on shares of FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Wolfe Research assumed coverage on FMC in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.56.

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.