Horizon Investments LLC Acquires New Shares in FMC Corp (NYSE:FMC)

Horizon Investments LLC bought a new position in shares of FMC Corp (NYSE:FMC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,671 shares of the basic materials company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its stake in FMC by 0.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,243 shares of the basic materials company’s stock worth $1,645,000 after buying an additional 127 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in FMC by 2.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,054 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 138 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in FMC by 0.8% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,462 shares of the basic materials company’s stock valued at $1,572,000 after acquiring an additional 170 shares in the last quarter. Securian Asset Management Inc raised its holdings in FMC by 1.3% in the first quarter. Securian Asset Management Inc now owns 13,846 shares of the basic materials company’s stock valued at $1,064,000 after acquiring an additional 174 shares in the last quarter. Finally, ETF Managers Group LLC raised its holdings in shares of FMC by 10.6% during the first quarter. ETF Managers Group LLC now owns 1,881 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 180 shares during the period. Institutional investors own 89.75% of the company’s stock.

FMC traded up $0.56 during midday trading on Friday, hitting $83.26. 901,976 shares of the company’s stock traded hands, compared to its average volume of 861,090. The stock has a market capitalization of $10.89 billion, a P/E ratio of 13.24, a PEG ratio of 1.33 and a beta of 1.51. The company’s fifty day moving average price is $79.78. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77. FMC Corp has a one year low of $69.36 and a one year high of $92.76.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. FMC had a return on equity of 27.53% and a net margin of 9.57%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. On average, equities analysts forecast that FMC Corp will post 5.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. FMC’s payout ratio is 25.44%.

In other FMC news, insider Nicholas Pfeiffer sold 2,446 shares of FMC stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $80.67, for a total transaction of $197,318.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark Douglas sold 18,500 shares of FMC stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $75.12, for a total value of $1,389,720.00. Following the transaction, the insider now directly owns 47,594 shares of the company’s stock, valued at $3,575,261.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,946 shares of company stock worth $3,999,009. 1.50% of the stock is currently owned by corporate insiders.

A number of analysts have weighed in on FMC shares. Loop Capital set a $102.00 target price on shares of FMC and gave the stock a “buy” rating in a report on Friday, April 12th. Jefferies Financial Group set a $24.00 price objective on shares of Guess? and gave the stock a “buy” rating in a report on Thursday, March 21st. Zacks Investment Research raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective on the stock in a report on Monday, June 3rd. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Citigroup started coverage on shares of Charter Communications in a research report on Thursday, June 13th. They issued a “buy” rating and a $480.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $93.25.

FMC Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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