Seatown Holdings Pte. Ltd. adds FMC Corp (FMC) to its portfolio

FMC Corp (FMC) : Seatown Holdings Pte. Ltd. added new position in FMC Corp during the most recent quarter end. The investment management firm now holds 183,000 shares of FMC Corp which is valued at $8,719,950 , the company said in a statement filed on Aug 10, 2016 with the SEC.FMC Corp makes up approximately 2.50% of Seatown Holdings Pte. Ltd.’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in FMC by selling 20,075 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 3,428,254 shares of FMC which is valued at $163,356,303. FMC Corp makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Tributary Capital Management boosted its stake in FMC in the latest quarter, The investment management firm added 10,500 additional shares and now holds a total of 38,000 shares of FMC Corp which is valued at $1,837,300. FMC Corp makes up approx 0.25% of Tributary Capital Management’s portfolio.Global X Management Co boosted its stake in FMC in the latest quarter, The investment management firm added 248,150 additional shares and now holds a total of 466,874 shares of FMC Corp which is valued at $22,573,358. FMC Corp makes up approx 1.09% of Global X Management Co’s portfolio.Sandy Spring Bank boosted its stake in FMC in the latest quarter, The investment management firm added 3,455 additional shares and now holds a total of 6,434 shares of FMC Corp which is valued at $311,727. FMC Corp makes up approx 0.03% of Sandy Spring Bank’s portfolio.

FMC Corp opened for trading at $47.25 and hit $47.905 on the upside on Friday, eventually ending the session at $47.81, with a gain of 0.55% or 0.26 points. The heightened volatility saw the trading volume jump to 7,67,277 shares. Company has a market cap of $6,397 M.

On the company’s financial health, FMC Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.68. The company had revenue of $810.30 million for the quarter, compared to analysts expectations of $894.31 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Jul 20, 2016, FMC Corp announced a cash dividend of $0.1650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.

FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.

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