Hardman Johnston Global Advisors LLC Sells 11,525 Shares of FMC Co. (NYSE:FMC)

Hardman Johnston Global Advisors LLC decreased its position in FMC Co. (NYSE:FMC) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 210,747 shares of the basic materials company’s stock after selling 11,525 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in FMC were worth $13,897,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares during the last quarter. LRI Investments LLC bought a new position in shares of FMC during the 1st quarter worth approximately $39,000. UMB Bank n.a. boosted its stake in shares of FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after buying an additional 246 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of FMC in the first quarter valued at approximately $45,000. Finally, EntryPoint Capital LLC increased its position in shares of FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp cut their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays lifted their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FMC has an average rating of “Hold” and an average price target of $68.00.

FMC Stock Performance

NYSE:FMC opened at $63.63 on Wednesday. The business’s fifty day moving average is $63.15 and its 200 day moving average is $61.04. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 1.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a 52-week low of $49.49 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 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Research analysts predict that FMC Co. will post 3.35 EPS for the current year.

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.