FMC Co. (NYSE:FMC) Shares Purchased by Janney Montgomery Scott LLC

Posted by Defense World Staff on Apr 23rd, 2023

Janney Montgomery Scott LLC increased its stake in FMC Co. (NYSE:FMC – Get Rating) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,812 shares of the basic materials company’s stock after purchasing an additional 1,888 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FMC were worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FMC. Raymond James Financial Services Advisors Inc. lifted its holdings in FMC by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,326 shares of the basic materials company’s stock worth $1,359,000 after purchasing an additional 908 shares during the last quarter. Acadian Asset Management LLC acquired a new position in FMC in the first quarter worth $191,000. Cibc World Market Inc. acquired a new position in FMC in the first quarter worth $224,000. Prudential PLC acquired a new position in FMC in the first quarter worth $383,000. Finally, National Pension Service lifted its stake in shares of FMC by 872,245.0% during the first quarter. National Pension Service now owns 174,469 shares of the basic materials company’s stock valued at $22,955,000 after acquiring an additional 174,449 shares during the period. Hedge funds and other institutional investors own 88.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FMC. StockNews.com began coverage on FMC in a report on Thursday, March 16th. They issued a “buy” rating for the company. The Goldman Sachs Group raised their price objective on FMC from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. UBS Group lifted their price target on FMC from $142.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, January 11th. Redburn Partners raised FMC from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Friday, March 17th. Finally, KeyCorp lifted their price target on FMC from $140.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.38.

Insider Buying and Selling at FMC

In other news, insider Nicholas Pfeiffer sold 4,421 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the sale, the insider now directly owns 12,064 shares in the company, valued at approximately $1,564,700.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Ronaldo Pereira sold 1,955 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $129.29, for a total value of $252,761.95. Following the sale, the executive vice president now directly owns 19,478 shares of the company’s stock, valued at approximately $2,518,310.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Pfeiffer sold 4,421 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $129.70, for a total transaction of $573,403.70. Following the transaction, the insider now directly owns 12,064 shares in the company, valued at $1,564,700.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,376 shares of company stock worth $1,465,016. Insiders own 0.85% of the company’s stock.

FMC Stock Performance

Shares of FMC opened at $123.22 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.43 and a quick ratio of 1.00. FMC Co. has a one year low of $98.24 and a one year high of $136.96. The company has a 50-day simple moving average of $123.27 and a two-hundred day simple moving average of $124.28. The firm has a market capitalization of $15.42 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.

FMC (NYSE:FMC – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The basic materials company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. FMC had a return on equity of 29.29% and a net margin of 12.69%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted $2.16 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts anticipate that FMC Co. will post 7.93 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 20th. Investors of record on Friday, March 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.88%. FMC’s payout ratio is currently 39.86%.

About FMC

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FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.