2,150 Shares in FMC Corp (FMC) Acquired by Roundview Capital LLC
Roundview Capital LLC bought a new position in shares of FMC Corp (NYSE:FMC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,150 shares of the basic materials company’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of FMC during the fourth quarter worth approximately $123,000. Clarus Wealth Advisors bought a new position in shares of FMC during the fourth quarter worth approximately $221,000. Advisor Partners LLC bought a new position in FMC in the third quarter valued at approximately $216,000. Allegis Investment Advisors LLC bought a new position in FMC in the fourth quarter valued at approximately $235,000. Finally, Achmea Investment Management B.V. bought a new position in FMC in the third quarter valued at approximately $246,000. 90.81% of the stock is currently owned by institutional investors.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
FMC (NYSE:FMC) last issued its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 42.3% on a year-over-year basis. equities research analysts expect that FMC Corp will post 2.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. FMC’s dividend payout ratio is currently 388.24%.
A number of brokerages recently issued reports on FMC. Credit Suisse Group set a $111.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of FMC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Loop Capital set a $106.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Monday, December 11th. KeyCorp reissued a “buy” rating and issued a $112.00 price objective on shares of FMC in a research note on Monday, December 4th. Finally, Stephens began coverage on shares of FMC in a research note on Monday, December 4th. They issued an “equal weight” rating and a $91.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $96.58.
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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