FMC Co. (NYSE:FMC) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its position in shares of FMC Co. (NYSE:FMC) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,013 shares of the basic materials company’s stock after selling 5,069 shares during the quarter. Focus Partners Wealth’s holdings in FMC were worth $438,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FMC. Barclays PLC raised its stake in FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company’s stock valued at $20,465,000 after purchasing an additional 45,752 shares during the period. Park Avenue Securities LLC raised its stake in FMC by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company’s stock valued at $244,000 after purchasing an additional 293 shares during the period. Merit Financial Group LLC acquired a new stake in FMC during the 4th quarter valued at $345,000. Hedges Asset Management LLC raised its stake in FMC by 25.0% during the 4th quarter. Hedges Asset Management LLC now owns 20,000 shares of the basic materials company’s stock valued at $972,000 after purchasing an additional 4,000 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in FMC by 20.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,909 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 320 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Up 1.4%

FMC stock opened at $40.57 on Wednesday. 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 company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.90 and a beta of 0.80. FMC Co. has a one year low of $32.83 and a one year high of $68.55. The company’s fifty day moving average price is $39.17 and its two-hundred day moving average price is $46.16.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Monday, June 30th. FMC’s dividend payout ratio (DPR) is 88.55%.

Insider Buying and Selling at FMC

In other news, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. The trade was a 12.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of several recent analyst reports. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Bank of America reaffirmed an “underperform” rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Friday, February 14th. KeyCorp upped their price target on shares of FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, UBS Group upped their price target on shares of FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.46.

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.