Jones Financial Companies Lllp Boosts Position in FMC Corp (NYSE:FMC)

Jones Financial Companies Lllp raised its stake in shares of FMC Corp (NYSE:FMC) by 6.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,481 shares of the basic materials company’s stock after buying an additional 5,473 shares during the quarter. Jones Financial Companies Lllp owned about 0.07% of FMC worth $7,505,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FMC. Cleararc Capital Inc. bought a new stake in FMC in the first quarter valued at approximately $250,000. CIBC World Markets Inc. lifted its position in FMC by 7.5% in the first quarter. CIBC World Markets Inc. now owns 6,089 shares of the basic materials company’s stock valued at $468,000 after purchasing an additional 426 shares during the last quarter. Retirement Systems of Alabama lifted its position in FMC by 387.4% in the second quarter. Retirement Systems of Alabama now owns 305,610 shares of the basic materials company’s stock valued at $25,350,000 after purchasing an additional 242,908 shares during the last quarter. California Public Employees Retirement System lifted its position in FMC by 1.0% in the first quarter. California Public Employees Retirement System now owns 199,396 shares of the basic materials company’s stock valued at $15,318,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in FMC in the first quarter valued at approximately $1,821,000. 90.89% of the stock is owned by institutional investors and hedge funds.

Shares of FMC stock traded up $2.05 during midday trading on Friday, reaching $85.59. 731,000 shares of the company’s stock traded hands, compared to its average volume of 1,112,286. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 1.27. The company has a market cap of $10.90 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49. The stock has a 50 day moving average of $84.70 and a 200-day moving average of $81.04. FMC Corp has a 12 month low of $69.36 and a 12 month high of $92.76.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.03. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. On average, equities analysts anticipate that FMC Corp will post 5.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. FMC’s dividend payout ratio is presently 25.44%.

FMC has been the subject of several recent research reports. Zacks Investment Research upgraded FMC from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Monday, June 3rd. Morgan Stanley initiated coverage on FMC in a research report on Monday, May 20th. They issued an “equal weight” rating and a $82.00 price objective for the company. Goldman Sachs Group downgraded FMC from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Credit Suisse Group boosted their price objective on FMC from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks boosted their price objective on FMC to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.85.

In related news, CEO Pierre R. Brondeau sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $73.09, for a total transaction of $2,411,970.00. Following the completion of the transaction, the chief executive officer now owns 284,814 shares in the company, valued at $20,817,055.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Pierre R. Brondeau sold 196,466 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $88.90, for a total value of $17,465,827.40. Following the transaction, the chief executive officer now owns 368,778 shares of the company’s stock, valued at approximately $32,784,364.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 231,912 shares of company stock valued at $20,075,116. 1.50% of the stock is owned by corporate insiders.

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.

Featured Article: If I purchase shares through a brokerage account, am I the holder of record?

Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corp (NYSE:FMC).

Institutional Ownership by Quarter for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.