November 29, 2016 - By Pete Kolinski · 0 Comments
FMC Corp (NYSE:FMC) institutional sentiment decreased to 1.11 in Q2 2016. Its down -0.33, from 1.44 in 2016Q1. The ratio dived, as 191 funds increased and started new stock positions, while 133 trimmed and sold stock positions in FMC Corp. The funds in our partner’s database reported: 119.58 million shares, down from 122.23 million shares in 2016Q1. Also, the number of funds holding FMC Corp in their top 10 stock positions increased from 3 to 7 for an increase of 4. Sold All: 22 Reduced: 111 Increased: 125 New Position: 66.
FMC Corporation is a diversified chemical firm serving agricultural, consumer and industrial markets. The company has a market cap of $7.36 billion. The Firm operates through three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. It has a 302.78 P/E ratio. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
The stock increased 0.05% or $0.03 during the last trading session, hitting $55.14. FMC Corp (NYSE:FMC) has risen 27.43% since April 26, 2016 and is uptrending. It has outperformed by 22.17% the S&P500.
Analysts await FMC Corp (NYSE:FMC) to report earnings on February, 8. They expect $0.88 earnings per share, up 14.29% or $0.11 from last year’s $0.77 per share. FMC’s profit will be $117.46M for 15.66 P/E if the $0.88 EPS becomes a reality. After $0.67 actual earnings per share reported by FMC Corp for the previous quarter, Wall Street now forecasts 31.34% EPS growth.
According to Zacks Investment Research, “FMC Corporation is one of the world’s leading producers of machinery and chemicals for industry and agriculture. The Company operates in three distinct business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Agricultural Products provides crop protection and pest control products. Specialty Chemicals includes food ingredients that are used to enhance structure, texture and taste. Industrial Chemicals encompasses a wide range of inorganic materials.”
Sheffield Asset Management L.L.C. holds 10.55% of its portfolio in FMC Corp for 765,826 shares. Sandhill Capital Partners Llc owns 360,359 shares or 5.22% of their US portfolio. Moreover, Glenview Capital Management Llc has 3.57% invested in the company for 10.92 million shares. The United Kingdom-based Dsam Partners (London) Ltd has invested 3.32% in the stock. Fairpointe Capital Llc, a Illinois-based fund reported 3.08 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $700,911 net activity.
Ratings analysis reveals 45% of FMC Tech’s analysts are positive. Out of 20 Wall Street analysts rating FMC Tech, 9 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $31 while the high is $54. The stock’s average target of $44.47 is -19.35% below today’s ($55.14) share price. FMC was included in 32 notes of analysts from July 23, 2015. Societe Generale upgraded the stock to “Buy” rating in Friday, January 8 report. The stock of FMC Corp (NYSE:FMC) has “Neutral” rating given on Monday, November 28 by PiperJaffray. The company was initiated on Friday, November 20 by Citigroup. As per Friday, September 18, the company rating was upgraded by Cowen & Co. The rating was maintained by SunTrust with “Neutral” on Wednesday, August 12. On Friday, November 4 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was initiated on Friday, January 22 by Credit Suisse. The rating was maintained by Cowen & Co on Thursday, July 23 with “Outperform”. The stock of FMC Corp (NYSE:FMC) has “Buy” rating given on Wednesday, September 23 by Jefferies. The firm has “Market Perform” rating given on Friday, March 18 by BMO Capital Markets.
FMC Corporation, incorporated on August 10, 1928, is a diversified chemical firm serving agricultural, consumer and industrial markets. The Firm operates in three business divisions: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals. The FMC Health and Nutrition segment focuses on nutritional ingredients, health excipients and functional health ingredients. The Company’s FMC Lithium segment makes lithium for use in a range of lithium products.
More notable recent FMC Corp (NYSE:FMC) news were published by: Fool.com which released: “Lithium Stock Investors: FMC Corp. Kicked Off the Industry’s Q3 Earnings …” on November 10, 2016, also Bna.com with their article: “FMC Corp. Sued Over 401(k) Stake in Sequoia Fund, Valeant” published on November 22, 2016, Prnewswire.com published: “FMC Corporation and BASF Announce Agreement to Bring Next Generation of Crop …” on November 07, 2016. More interesting news about FMC Corp (NYSE:FMC) were released by: Prnewswire.com and their article: “FMC Corporation Signs Long-term Lithium Carbonate Supply Agreement with …” published on October 31, 2016 as well as Prnewswire.com‘s news article titled: “FMC Corporation Announces Third Quarter 2016 Results” with publication date: November 02, 2016.
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By Pete Kolinski