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

S&CO Inc. lowered its stake in shares of FMC Co. (NYSE:FMC) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,153 shares of the basic materials company’s stock after selling 23,710 shares during the quarter. FMC comprises about 1.1% of S&CO Inc.’s holdings, making the stock its 23rd largest position. S&CO Inc. owned 0.26% of FMC worth $15,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in FMC during the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp increased its position in FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. increased its position in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. IFP Advisors Inc increased its position in FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 379 shares in the last quarter. Finally, Principal Securities Inc. increased its position in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling

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 sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by company insiders.

FMC Stock Performance

FMC stock opened at $41.60 on Tuesday. The stock has a market cap of $5.20 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $45.51 and a 200-day moving average of $54.88. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (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%. On average, analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Mizuho dropped their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. BMO Capital Markets lowered their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup increased their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.