Farmers & Merchants Trust Co of Chambersburg PA Cuts Stake in FMC Co. (NYSE:FMC)

Farmers & Merchants Trust Co of Chambersburg PA lowered its stake in shares of FMC Co. (NYSE:FMC) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,305 shares of the basic materials company’s stock after selling 2,160 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in FMC were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Commerce Bank increased its stake in shares of FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 183 shares in the last quarter. International Private Wealth Advisors LLC grew its stake in FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 205 shares in the last quarter. Blue Trust Inc. grew its stake in FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 236 shares in the last quarter. First Horizon Advisors Inc. grew its stake in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in FMC by 5.9% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred 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 directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.85% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Vertical Research raised shares of FMC to a “hold” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $38.00 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.00.

FMC Stock Performance

Shares of FMC stock opened at $36.72 on Friday. The firm’s 50 day moving average price is $50.19 and its 200-day moving average price is $57.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The firm has a market cap of $4.58 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.75 and a beta of 0.84.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping 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, equities research analysts predict that FMC Co. will post 3.53 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.32%. The ex-dividend date was Tuesday, December 31st. FMC’s payout ratio is currently 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.