Bartlett & CO. Wealth Management LLC Has $209,000 Stock Position in FMC Co. (NYSE:FMC)

Bartlett & CO. Wealth Management LLC trimmed its position in FMC Co. (NYSE:FMC) by 22.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,247 shares of the basic materials company’s stock after selling 1,211 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in FMC were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FMC. Commerce Bank raised its stake in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 183 shares during the last quarter. Dark Forest Capital Management LP raised its stake in FMC by 3.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares during the last quarter. First Horizon Advisors Inc. raised 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 purchasing an additional 246 shares during the last quarter. V Square Quantitative Management LLC raised 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 purchasing an additional 265 shares during the last quarter. Finally, CX Institutional raised its stake in FMC by 4.2% during the 3rd quarter. CX Institutional now owns 6,573 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 266 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho lowered their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. UBS Group lowered their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, KeyCorp lowered their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.25.

FMC Trading Down 0.1 %

FMC opened at $55.59 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $6.94 billion, a PE ratio of 4.78, a PEG ratio of 1.15 and a beta of 0.83. FMC Co. has a 1-year low of $47.71 and a 1-year high of $68.72. The firm has a 50-day moving average price of $53.75 and a two-hundred day moving average price of $58.94.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. As a group, equities analysts anticipate that FMC Co. will post 3.34 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.17%. The ex-dividend date was Tuesday, December 31st. FMC’s payout ratio is presently 19.97%.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.85% 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.