Addison Capital Co Decreases Position in FMC Co. (NYSE:FMC)

Addison Capital Co decreased its position in FMC Co. (NYSE:FMC) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,303 shares of the basic materials company’s stock after selling 573 shares during the period. Addison Capital Co’s holdings in FMC were worth $1,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Trust Co. N.A. raised its stake in shares of FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. lifted its holdings in FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. boosted its position 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 purchasing an additional 9,449 shares during the period. First National Bank of Omaha increased its stake in shares of FMC by 85.7% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock valued at $56,602,000 after purchasing an additional 28,059 shares during the period. 91.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FMC shares. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $38.00 in a report on Friday, February 7th. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Citigroup boosted 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. Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Redburn Atlantic cut FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.14.

FMC Stock Up 3.5 %

Shares of NYSE:FMC opened at $41.78 on Monday. The firm has a fifty day moving average of $44.89 and a 200 day moving average of $54.19. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The firm has a market capitalization of $5.22 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, research analysts anticipate that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.55%. FMC’s payout ratio is 85.29%.

Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% 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.