WealthPlan Investment Management LLC Increases Position in FMC Co. (NYSE:FMC)

WealthPlan Investment Management LLC lifted its position in FMC Co. (NYSE:FMC) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,946 shares of the basic materials company’s stock after purchasing an additional 3,504 shares during the quarter. WealthPlan Investment Management LLC’s holdings in FMC were worth $1,845,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. WASHINGTON TRUST Co grew its holdings in shares of FMC by 35.3% during the 4th quarter. WASHINGTON TRUST Co now owns 1,883 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 491 shares during the last quarter. New York State Teachers Retirement System lifted its position in FMC by 11.8% in the fourth quarter. New York State Teachers Retirement System now owns 121,969 shares of the basic materials company’s stock valued at $5,929,000 after purchasing an additional 12,866 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of FMC by 87.4% during the fourth quarter. Vontobel Holding Ltd. now owns 12,368 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 5,767 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of FMC by 21.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 607 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in FMC by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock valued at $28,634,000 after buying an additional 46,137 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FMC has been the subject of a number of recent analyst reports. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Friday. Citigroup lifted their price objective on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a report on Friday. Mizuho cut their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $66.00 to $38.00 in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.62.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

FMC Price Performance

NYSE FMC opened at $36.65 on Friday. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.75 and a beta of 0.84. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72. The company’s 50 day moving average is $49.79 and its two-hundred day moving average is $57.60. The company has a current ratio of 1.64, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, research analysts anticipate that FMC Co. will post 3.53 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.33%. FMC’s dividend payout ratio (DPR) is 85.29%.

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.