Russell Investments Group Ltd. Has $51.03 Million Stock Holdings in FMC Co. (NYSE:FMC)

Russell Investments Group Ltd. raised its position in FMC Co. (NYSE:FMC) by 517.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,382 shares of the basic materials company’s stock after buying an additional 678,307 shares during the quarter. Russell Investments Group Ltd. owned 0.65% of FMC worth $51,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its holdings in FMC by 3.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 72,063 shares of the basic materials company’s stock valued at $4,544,000 after buying an additional 2,647 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in FMC by 12.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,515 shares of the basic materials company’s stock worth $414,000 after acquiring an additional 744 shares in the last quarter. South Dakota Investment Council lifted its holdings in shares of FMC by 171.3% in the fourth quarter. South Dakota Investment Council now owns 9,977 shares of the basic materials company’s stock worth $629,000 after acquiring an additional 6,300 shares during the last quarter. Harbor Advisors LLC acquired a new stake in shares of FMC in the 4th quarter valued at approximately $378,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of FMC by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 953 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 269 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Andrew D. Sandifer bought 2,150 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Wednesday, February 7th. Bank of America lowered shares of FMC from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. BMO Capital Markets cut their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. StockNews.com downgraded shares of FMC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Finally, UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, FMC presently has an average rating of “Hold” and an average target price of $71.75.

FMC Price Performance

FMC opened at $58.46 on Monday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.88 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $59.45 and a 200-day moving average price of $57.99. FMC Co. has a twelve month low of $49.49 and a twelve month high of $124.61.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $2.37 EPS. Equities analysts expect that FMC Co. will post 3.88 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.97%. FMC’s dividend payout ratio (DPR) is currently 22.03%.

About FMC

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.