FMC Co. (NYSE:FMC) Shares Sold by S&CO Inc.

S&CO Inc. trimmed its holdings in shares of FMC Co. (NYSE:FMC) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 327,153 shares of the basic materials company’s stock after selling 23,710 shares during the quarter. FMC accounts for approximately 1.1% of S&CO Inc.’s portfolio, making the stock its 23rd biggest position. S&CO Inc.’s holdings in FMC were worth $15,902,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of FMC during the fourth quarter valued at $29,000. Millburn Ridgefield Corp increased its holdings in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. IFP Advisors Inc increased its holdings in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. increased its holdings in shares of FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Up 0.8 %

NYSE:FMC opened at $41.60 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The stock has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $54.88.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Sell-side analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.58%. FMC’s payout ratio is presently 85.29%.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FMC. Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets lowered their target price on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company reaffirmed a “cautious” rating on shares of FMC in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.23.

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.