Handelsbanken Fonder AB Sells 60,383 Shares of FMC Co. (NYSE:FMC)

Handelsbanken Fonder AB cut its stake in FMC Co. (NYSE:FMC) by 73.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,600 shares of the basic materials company’s stock after selling 60,383 shares during the period. Handelsbanken Fonder AB’s holdings in FMC were worth $1,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. North Point Portfolio Managers Corp OH increased its stake in shares of FMC by 67.3% in the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock valued at $7,473,000 after acquiring an additional 47,697 shares during the last quarter. Raymond James & Associates increased its stake in FMC by 0.5% during the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock worth $7,262,000 after purchasing an additional 610 shares in the last quarter. Manning & Napier Group LLC increased its stake in FMC by 58.9% during the 3rd quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Invesco Ltd. increased its stake in FMC by 37.9% during the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after purchasing an additional 484,500 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in FMC by 15.4% during the 3rd quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company’s stock worth $950,000 after purchasing an additional 1,889 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Trading Up 1.1 %

NYSE FMC opened at $58.46 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 5.55, a PEG ratio of 1.86 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. FMC Co. has a 12 month low of $49.49 and a 12 month high of $124.61. The stock has a 50 day moving average of $59.45 and a 200-day moving average of $58.02.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company 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 period in the previous year, the company posted $2.37 EPS. On average, equities research analysts anticipate that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, March 27th. FMC’s dividend payout ratio is 22.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FMC. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Wednesday, February 7th. BMO Capital Markets decreased their price target on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Wednesday, February 7th. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and raised their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Finally, StockNews.com cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.75.

Insider Buying and Selling at FMC

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.85% of the company’s stock.

About FMC

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.