Xponance Inc. Sells 1,870 Shares of FMC Co. (NYSE:FMC)

Xponance Inc. trimmed its holdings in FMC Co. (NYSE:FMC) by 9.3% in the 4th quarter, Holdings Channel reports. The fund owned 18,183 shares of the basic materials company’s stock after selling 1,870 shares during the quarter. Xponance Inc.’s holdings in FMC were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FMC. CWM LLC boosted its position in shares of FMC by 70.3% in the third quarter. CWM LLC now owns 8,154 shares of the basic materials company’s stock valued at $546,000 after acquiring an additional 3,366 shares during the period. AE Wealth Management LLC lifted its position in FMC by 5.7% in the third quarter. AE Wealth Management LLC now owns 4,130 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 223 shares during the period. Caprock Group LLC lifted its position in FMC by 73.8% in the third quarter. Caprock Group LLC now owns 3,881 shares of the basic materials company’s stock worth $262,000 after purchasing an additional 1,648 shares during the period. CX Institutional bought a new position in FMC in the third quarter worth $1,688,000. Finally, Czech National Bank lifted its position in FMC by 47.3% in the third quarter. Czech National Bank now owns 21,800 shares of the basic materials company’s stock worth $1,460,000 after purchasing an additional 6,997 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of NYSE:FMC opened at $58.40 on Thursday. FMC Co. has a twelve month low of $49.49 and a twelve month high of $124.61. The firm has a market cap of $7.29 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The business has a fifty day moving average of $59.21 and a 200-day moving average of $58.10.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter last year, the business posted $2.37 earnings per share. On average, equities research analysts predict that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were given a $0.58 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.97%. FMC’s payout ratio is 22.03%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho reduced their target price on FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Royal Bank of Canada reduced their target price on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Loop Capital increased their price objective on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Finally, Roth Mkm began coverage on FMC in a research note on Thursday, January 4th. They set a “buy” rating and a $74.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.75.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.81% of the company’s stock.

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.