Harbor Advisors LLC Buys Shares of 6,000 FMC Co. (NYSE:FMC)

Harbor Advisors LLC bought a new stake in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,000 shares of the basic materials company’s stock, valued at approximately $378,000.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of FMC by 39.3% in 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. CWM LLC lifted its stake in shares of FMC by 9.1% in the 4th quarter. CWM LLC now owns 8,899 shares of the basic materials company’s stock valued at $561,000 after purchasing an additional 745 shares during the last quarter. Signaturefd LLC lifted its stake in shares of FMC by 78.8% in the 4th quarter. Signaturefd LLC now owns 3,845 shares of the basic materials company’s stock valued at $242,000 after purchasing an additional 1,695 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of FMC by 16.3% in the 4th quarter. Lindbrook Capital LLC now owns 2,538 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 355 shares during the last quarter. Finally, abrdn plc lifted its stake in shares of FMC by 5.7% in the 4th quarter. abrdn plc now owns 341,968 shares of the basic materials company’s stock valued at $21,561,000 after purchasing an additional 18,335 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FMC shares. Wolfe Research started coverage on shares of FMC in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. BMO Capital Markets dropped their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. BNP Paribas downgraded shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a report on Wednesday, February 7th. Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $60.00 to $57.00 in a report on Tuesday, January 16th. Finally, Roth Mkm initiated coverage on shares of FMC in a report on Thursday, January 4th. They issued a “buy” rating and a $74.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus target price of $71.75.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction on Monday, March 4th. The shares were purchased 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 $2,966,211.36. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

FMC Price Performance

NYSE FMC traded up $0.40 on Tuesday, reaching $58.65. The company’s stock had a trading volume of 1,583,198 shares, compared to its average volume of 1,982,226. The firm has a market cap of $7.32 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. The business has a 50-day moving average price of $58.92 and a 200 day moving average price of $58.13. FMC Co. has a 52 week low of $49.49 and a 52 week high of $124.61. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

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 analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same period in the previous year, the firm earned $2.37 EPS. Sell-side analysts expect that FMC Co. will post 3.88 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were paid a $0.58 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.96%. FMC’s payout ratio is currently 22.03%.

FMC Company 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.