Frank Rimerman Advisors LLC Acquires 520 Shares of FMC Co. (NYSE:FMC)

Frank Rimerman Advisors LLC increased its holdings in shares of FMC Co. (NYSE:FMC) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,492 shares of the basic materials company’s stock after purchasing an additional 520 shares during the period. Frank Rimerman Advisors LLC’s holdings in FMC were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FMC. Inspire Trust Co. N.A. raised its position in FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 9,500 shares during the last quarter. Reinhart Partners LLC. raised its position in FMC by 20.9% in the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. raised its position in FMC by 27.8% in the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after purchasing an additional 9,449 shares during the last quarter. First National Bank of Omaha raised its position in FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after purchasing an additional 15,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock valued at $56,602,000 after purchasing an additional 28,059 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FMC

In related news, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

FMC Trading Up 3.5 %

NYSE FMC opened at $41.78 on Monday. The business has a 50 day simple moving average of $44.89 and a 200 day simple moving average of $54.19. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The stock has a market capitalization of $5.22 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Research analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.55%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley dropped their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group assumed coverage on FMC in a research report on Thursday. They issued a “buy” rating and a $51.00 target price for the company. UBS Group cut FMC from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $38.00 in a research note on Friday, February 7th. Redburn Atlantic cut FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Friday, February 14th. Finally, BMO Capital Markets decreased their price target on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.14.

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.