Greenwood Capital Associates LLC Buys 10,205 Shares of FMC Co. (NYSE:FMC)

Greenwood Capital Associates LLC lifted its position in FMC Co. (NYSE:FMC) by 76.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,476 shares of the basic materials company’s stock after acquiring an additional 10,205 shares during the quarter. Greenwood Capital Associates LLC’s holdings in FMC were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FMC. Barnett & Company Inc. bought a new stake in FMC in the 3rd quarter worth about $2,265,000. Inspire Trust Co. N.A. lifted its holdings in FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after acquiring an additional 9,500 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after buying an additional 9,449 shares during the last quarter. Finally, First National Bank of Omaha raised its holdings in shares of FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after purchasing an additional 15,662 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup increased their target price on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. KeyCorp lowered their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. UBS Group cut their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Barclays raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.75.

FMC Price Performance

NYSE:FMC opened at $54.40 on Tuesday. FMC Co. has a 52-week low of $47.71 and a 52-week high of $68.72. The stock has a fifty day moving average of $53.55 and a 200 day moving average of $58.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 4.68, a P/E/G ratio of 1.20 and a beta of 0.84.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.26%. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,491 shares of company stock valued at $433,898. 0.81% of the stock is owned by corporate insiders.

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.