Leeward Investments LLC MA Has $7.48 Million Holdings in FMC Co. (NYSE:FMC)

Leeward Investments LLC MA lessened its stake in FMC Co. (NYSE:FMC) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 118,627 shares of the basic materials company’s stock after selling 3,201 shares during the quarter. Leeward Investments LLC MA’s holdings in FMC were worth $7,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FMC. Wellington Management Group LLP boosted its holdings in shares of FMC by 17.7% in the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after buying an additional 1,634,535 shares during the period. Manning & Napier Group LLC lifted its position in shares of FMC by 58.9% in the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of FMC by 175.2% in the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after purchasing an additional 532,158 shares in the last quarter. Invesco Ltd. lifted its position in shares of FMC by 37.9% in the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after purchasing an additional 484,500 shares in the last quarter. Finally, Tweedy Browne Co LLC lifted its position in shares of FMC by 43.2% in the third quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock worth $96,692,000 after purchasing an additional 435,404 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

FMC has been the topic of a number of research reports. StockNews.com lowered shares of FMC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Wolfe Research began coverage on shares of FMC in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Loop Capital upped their price target on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, March 19th. Mizuho dropped their price target on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Finally, Bank of America lowered shares of FMC from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.75.

FMC Stock Performance

Shares of FMC traded up $0.66 during trading hours on Friday, hitting $58.46. The company had a trading volume of 942,800 shares, compared to its average volume of 1,945,983. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 1.88 and a beta of 0.87. The business has a fifty day moving average of $59.45 and a 200-day moving average of $58.06. FMC Co. has a 12 month low of $49.49 and a 12 month high of $124.61. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $2.37 earnings per share. Equities analysts anticipate that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.32 annualized dividend and a dividend yield of 3.97%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by corporate insiders.

FMC Profile

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.