Russell Investments Group Ltd. trimmed its position in shares of FMC Corp (NYSE:FMC) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,438 shares of the basic materials company’s stock after selling 107,841 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of FMC worth $16,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Tredje AP fonden grew its stake in FMC by 10.6% during the first quarter. Tredje AP fonden now owns 6,060 shares of the basic materials company’s stock worth $465,000 after buying an additional 580 shares during the last quarter. Moors & Cabot Inc. grew its stake in FMC by 9.4% during the first quarter. Moors & Cabot Inc. now owns 6,966 shares of the basic materials company’s stock worth $533,000 after buying an additional 601 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in FMC by 27.4% during the first quarter. Cetera Advisor Networks LLC now owns 2,853 shares of the basic materials company’s stock worth $219,000 after buying an additional 614 shares during the last quarter. D.A. Davidson & CO. grew its stake in FMC by 8.6% during the first quarter. D.A. Davidson & CO. now owns 8,038 shares of the basic materials company’s stock worth $615,000 after buying an additional 635 shares during the last quarter. Finally, Manning & Napier Group LLC grew its stake in FMC by 2.6% during the second quarter. Manning & Napier Group LLC now owns 25,290 shares of the basic materials company’s stock worth $2,255,000 after buying an additional 645 shares during the last quarter. 89.86% of the stock is currently owned by hedge funds and other institutional investors.

In other FMC news, COO Mark Douglas acquired 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $86.13 per share, for a total transaction of $366,052.50. Following the completion of the acquisition, the chief operating officer now directly owns 59,943 shares of the company’s stock, valued at approximately $5,162,890.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dirk A. Kempthorne acquired 1,173 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average price of $86.12 per share, for a total transaction of $101,018.76. Following the completion of the acquisition, the director now directly owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of FMC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Stephens raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research note on Friday, May 4th. BMO Capital Markets increased their price target on shares of FMC from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Credit Suisse Group set a $107.00 price target on shares of FMC and gave the company a “buy” rating in a research note on Tuesday, June 12th. Finally, Loop Capital increased their price target on shares of FMC to $119.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. FMC has a consensus rating of “Buy” and a consensus target price of $101.93.

FMC opened at $85.06 on Friday. FMC Corp has a one year low of $72.73 and a one year 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. The company has a market cap of $11.63 billion, a PE ratio of 15.94, a P/E/G ratio of 0.77 and a beta of 1.60.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. FMC had a net margin of 23.96% and a return on equity of 27.12%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. FMC’s revenue was up 92.2% compared to the same quarter last year. equities analysts anticipate that FMC Corp will post 6.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.165 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. FMC’s dividend payout ratio (DPR) is currently 24.35%.

FMC Company Profile

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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corp (NYSE:FMC).

Institutional Ownership by Quarter for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.