M&T Bank Corp raised its stake in FMC Corp (NYSE:FMC) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 127,418 shares of the basic materials company’s stock after acquiring an additional 6,550 shares during the period. M&T Bank Corp’s holdings in FMC were worth $12,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FMC in the 4th quarter worth about $123,000. Clarus Wealth Advisors bought a new stake in shares of FMC in the 4th quarter worth about $221,000. Advisor Partners LLC bought a new stake in shares of FMC in the 3rd quarter worth about $216,000. Allegis Investment Advisors LLC bought a new stake in shares of FMC in the 4th quarter worth about $235,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of FMC in the 3rd quarter worth about $246,000. 89.36% of the stock is owned by institutional investors.

FMC Corp (NYSE:FMC) opened at $82.68 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. The stock has a market cap of $11,100.78, a PE ratio of 486.35, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. FMC Corp has a one year low of $57.06 and a one year high of $98.70.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s payout ratio is 388.24%.

Several research firms have recently weighed in on FMC. Loop Capital set a $106.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Monday, December 11th. Bank of America boosted their target price on shares of FMC from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BMO Capital Markets boosted their target price on shares of FMC from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on shares of FMC in a report on Monday, December 4th. They issued a “neutral” rating and a $98.00 price target for the company. Finally, KeyCorp lifted their price target on shares of FMC from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $96.58.

In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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About FMC

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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