FMC Co. (NYSE:FMC) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its position in FMC Co. (NYSE:FMC) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,187 shares of the basic materials company’s stock after selling 1,276 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in FMC were worth $301,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMC. Millburn Ridgefield Corp lifted its holdings in shares of FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its position in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the period. Mather Group LLC. lifted its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in FMC during the 4th quarter worth about $29,000. Finally, Peterson Financial Group Inc. purchased a new position in FMC during the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the business’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 transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FMC. BMO Capital Markets reduced their price target 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. Vertical Research upgraded shares of FMC to a “hold” rating in a report on Wednesday, February 5th. Mizuho decreased their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. KeyCorp decreased their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, FMC currently has an average rating of “Hold” and an average target price of $54.00.

FMC Trading Up 1.7 %

NYSE:FMC opened at $35.13 on Tuesday. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $51.50 and its 200-day moving average is $58.22.

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

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio is 85.29%.

FMC Company 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.