Sumitomo Mitsui Trust Holdings Inc. Has $51.02 Million Position in FMC Co. (NYSE:FMC)

Posted by on Jul 19th, 2023

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of FMC Co. (NYSE:FMC – Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 417,725 shares of the basic materials company’s stock after buying an additional 7,524 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.33% of FMC worth $51,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMC. Norges Bank bought a new stake in FMC during the 4th quarter worth approximately $215,051,000. Morgan Stanley lifted its position in shares of FMC by 80.7% during the fourth quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after acquiring an additional 1,142,531 shares in the last quarter. Invesco Ltd. lifted its position in shares of FMC by 41.5% during the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after acquiring an additional 463,542 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of FMC by 711.7% during the fourth quarter. Voya Investment Management LLC now owns 501,491 shares of the basic materials company’s stock worth $62,586,000 after acquiring an additional 439,705 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of FMC by 26.8% during the fourth quarter. American Century Companies Inc. now owns 1,716,433 shares of the basic materials company’s stock worth $214,211,000 after acquiring an additional 363,184 shares in the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.

FMC Stock Up 0.2 %

Shares of NYSE FMC opened at $95.57 on Wednesday. The firm’s 50-day moving average price is $105.15 and its 200-day moving average price is $117.59. The company has a current ratio of 1.29, a quick ratio of 0.88 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.48 and a beta of 0.81. FMC Co. has a 12-month low of $88.77 and a 12-month high of $134.38.

FMC (NYSE:FMC – Get Free Report) last announced its earnings results on Monday, May 1st. The basic materials company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.43 billion. FMC had a net margin of 12.51% and a return on equity of 27.91%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. On average, equities research analysts anticipate that FMC Co. will post 6.44 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 29th. FMC’s dividend payout ratio (DPR) is presently 40.49%.

Insider Transactions at FMC

In related news, CEO Mark Douglas bought 4,121 shares of FMC stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average cost of $115.53 per share, with a total value of $476,099.13. Following the completion of the transaction, the chief executive officer now owns 41,672 shares in the company, valued at approximately $4,814,366.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FMC shares. Morgan Stanley dropped their target price on FMC from $145.00 to $110.00 in a research report on Wednesday, July 12th. Mizuho dropped their target price on shares of FMC from $147.00 to $127.00 in a report on Tuesday, July 11th. Credit Suisse Group dropped their target price on shares of FMC from $120.00 to $101.00 in a report on Tuesday, July 11th. BMO Capital Markets lowered their price objective on shares of FMC from $145.00 to $120.00 in a report on Tuesday, July 11th. Finally, StockNews.com assumed coverage on shares of FMC in a report on Thursday, May 18th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.38.

FMC Company Profile

(Free Report)

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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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