FMC Co. (NYSE:FMC) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of FMC Co. (NYSE:FMC) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,677 shares of the basic materials company’s stock after selling 22,212 shares during the quarter. Schroder Investment Management Group owned about 0.05% of FMC worth $3,240,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FMC. Golden State Wealth Management LLC acquired a new position in FMC during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of FMC in the third quarter valued at approximately $58,000. IFP Advisors Inc increased its holdings in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after buying an additional 255 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FMC. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Bank of America restated an “underperform” rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Barclays decreased their target price on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company restated a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Finally, StockNews.com cut FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.15.

FMC Price Performance

FMC opened at $35.33 on Friday. The stock’s 50-day moving average price is $41.54 and its 200 day moving average price is $52.03. 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 $4.41 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.90 and a beta of 0.83. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (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, sell-side analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.57%. FMC’s dividend payout ratio (DPR) is 85.29%.

Insider Transactions at FMC

In other news, Director Carol Anthony Davidson bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

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.