FMC Co. (NYSE:FMC) Shares Sold by ING Groep NV

ING Groep NV decreased its position in shares of FMC Co. (NYSE:FMC) by 84.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,944 shares of the basic materials company’s stock after selling 88,750 shares during the quarter. ING Groep NV’s holdings in FMC were worth $775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FMC by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock valued at $74,931,000 after purchasing an additional 20,350 shares in the last quarter. New South Capital Management Inc. increased its stake in shares of FMC by 1.5% in the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock worth $43,915,000 after acquiring an additional 9,834 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of FMC by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after acquiring an additional 46,137 shares during the last quarter. Finally, Ilex Capital Partners UK LLP increased its stake in shares of FMC by 2,129.4% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after acquiring an additional 420,601 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the topic of several research analyst reports. Bank of America restated an “underperform” rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Citigroup boosted their price objective on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price target on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.23.

FMC Price Performance

FMC stock opened at $37.96 on Tuesday. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The business has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $56.57. The stock has a market capitalization of $4.74 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84.

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

FMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Transactions at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.

FMC Company 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.