Quantinno Capital Management LP Purchases 2,450 Shares of FMC Co. (NYSE:FMC)

Quantinno Capital Management LP lifted its holdings in FMC Co. (NYSE:FMC) by 43.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,114 shares of the basic materials company’s stock after purchasing an additional 2,450 shares during the period. Quantinno Capital Management LP’s holdings in FMC were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FMC. Charles Schwab Investment Management Inc. raised its position in FMC by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after acquiring an additional 20,350 shares during the period. AQR Capital Management LLC increased its stake in shares of FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after purchasing an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in FMC by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after purchasing an additional 17,381 shares during the period. Dimensional Fund Advisors LP lifted its position in FMC by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after purchasing an additional 64,055 shares in the last quarter. Finally, New South Capital Management Inc. grew its holdings in FMC by 1.5% during the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after purchasing an additional 9,834 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FMC shares. Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup started coverage on shares of FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target for the company. Finally, Mizuho increased their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Stock Down 1.8 %

Shares of FMC stock opened at $53.50 on Friday. The stock has a market cap of $6.68 billion, a P/E ratio of 4.60, a PEG ratio of 1.48 and a beta of 0.80. The company’s fifty day simple moving average is $59.83 and its two-hundred day simple moving average is $60.17. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC’s payout ratio is 19.97%.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.85% of the stock is owned by company insiders.

About FMC

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 includes 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.