Centre Asset Management LLC trimmed its holdings in FMC Co. (NYSE:FMC – Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,887 shares of the basic materials company’s stock after selling 11,687 shares during the period. Centre Asset Management LLC owned 0.12% of FMC worth $6,994,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Commerce Bank grew its position in shares of FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 183 shares during the last quarter. Dark Forest Capital Management LP raised its stake in shares of FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after buying an additional 192 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 246 shares during the period. Benjamin Edwards Inc. boosted its position in shares of FMC by 24.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 259 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in FMC by 5.9% in the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock valued at $313,000 after acquiring an additional 265 shares during the period. 91.86% of the stock is owned by institutional investors.
FMC Stock Up 0.2 %
Shares of FMC stock traded up $0.10 on Friday, hitting $48.84. 116,280 shares of the stock were exchanged, compared to its average volume of 697,840. FMC Co. has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $56.31 and a 200 day moving average of $59.35. The firm has a market capitalization of $6.10 billion, a P/E ratio of 4.20, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.
FMC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.75%. FMC’s dividend payout ratio is currently 19.97%.
Insider Buying and Selling at FMC
In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.85% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FMC. Mizuho lifted their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group lowered their price target on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Citigroup cut their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, KeyCorp decreased their price target on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.92.
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.
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