Isthmus Partners LLC Acquires 6,932 Shares of FMC Co. (NYSE:FMC)

Isthmus Partners LLC increased its holdings in FMC Co. (NYSE:FMC) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,292 shares of the basic materials company’s stock after purchasing an additional 6,932 shares during the period. Isthmus Partners LLC owned approximately 0.11% of FMC worth $9,449,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the last quarter. Mather Group LLC. increased its position in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. LRI Investments LLC bought a new position in FMC during the first quarter valued at $39,000. UMB Bank n.a. increased its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in FMC during the third quarter valued at $51,000. Institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

FMC Stock Performance

FMC stock opened at $59.50 on Friday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 1.57 and a beta of 0.85. The firm has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $60.68. FMC Co. has a one year low of $50.03 and a one year high of $68.72. 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 (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that FMC Co. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Royal Bank of Canada boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. KeyCorp cut their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Citigroup began coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. 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. According to MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus price target of $68.00.

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.