FMC Corp (NYSE:FMC) Shares Purchased by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. lifted its position in FMC Corp (NYSE:FMC) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,616 shares of the basic materials company’s stock after purchasing an additional 10,600 shares during the quarter. Pictet Asset Management Ltd. owned about 0.06% of FMC worth $6,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Squar Milner Financial Services LLC grew its stake in shares of FMC by 51.4% in the 2nd quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock valued at $32,000 after buying an additional 130 shares during the period. Princeton Global Asset Management LLC acquired a new position in FMC in the second quarter valued at approximately $33,000. San Francisco Sentry Investment Group CA grew its position in FMC by 130.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 397 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 225 shares during the period. Advantage Investment Management LLC grew its position in FMC by 248.2% in the third quarter. Advantage Investment Management LLC now owns 397 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 283 shares during the period. Finally, Ellevest Inc. grew its position in FMC by 91.2% in the second quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 218 shares during the period. 87.98% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Pierre R. Brondeau sold 24,738 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $96.88, for a total value of $2,396,617.44. Also, COO Mark Douglas sold 22,390 shares of FMC stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $89.83, for a total value of $2,011,293.70. Following the completion of the transaction, the chief operating officer now owns 60,584 shares of the company’s stock, valued at $5,442,260.72. The disclosure for this sale can be found here. Insiders sold 56,346 shares of company stock valued at $5,245,643 in the last 90 days. Company insiders own 1.50% of the company’s stock.

A number of equities research analysts have commented on FMC shares. BMO Capital Markets set a $100.00 target price on FMC and gave the company a “buy” rating in a research report on Thursday, September 12th. Zacks Investment Research cut FMC from a “hold” rating to a “sell” rating and set a $87.00 price target for the company. in a report on Wednesday, October 16th. Buckingham Research raised their price objective on FMC from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. SunTrust Banks set a $102.00 price objective on shares of FMC and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BNP Paribas initiated coverage on shares of FMC in a research report on Wednesday, September 18th. They issued a “buy” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $99.00.

FMC opened at $97.25 on Wednesday. The stock’s 50-day moving average price is $92.57 and its 200 day moving average price is $85.47. FMC Corp has a 12-month low of $69.36 and a 12-month high of $99.34. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.62 and a beta of 1.50. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.14. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $978.47 million. FMC had a return on equity of 27.94% and a net margin of 11.08%. FMC’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, research analysts forecast that FMC Corp will post 5.86 earnings per share for the current year.

About FMC

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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