FMC Co. (NYSE:FMC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of FMC Co. (NYSE:FMC) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 203,210 shares of the basic materials company’s stock after selling 3,917 shares during the period. New York State Common Retirement Fund’s holdings in FMC were worth $9,878,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FMC. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FMC by 70.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,338 shares of the basic materials company’s stock worth $617,000 after acquiring an additional 3,862 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of FMC by 149.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,966 shares of the basic materials company’s stock worth $2,833,000 after acquiring an additional 25,722 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in FMC by 11,158.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,073 shares of the basic materials company’s stock worth $917,000 after buying an additional 13,948 shares during the period. State of Alaska Department of Revenue lifted its position in shares of FMC by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,515 shares of the basic materials company’s stock valued at $957,000 after acquiring an additional 980 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of FMC by 114.3% in the third quarter. Tributary Capital Management LLC now owns 4,875 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 2,600 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FMC shares. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.23.

FMC Stock Up 0.7 %

FMC opened at $38.25 on Wednesday. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The business has a 50 day moving average of $47.42 and a 200-day moving average of $56.40. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.90 and a beta of 0.84. 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 posted 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 anticipate that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.07%. FMC’s dividend payout ratio (DPR) is 85.29%.

Insiders Place Their Bets

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% 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.