FMC Co. (NYSE:FMC) Stock Holdings Reduced by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH trimmed its position in shares of FMC Co. (NYSE:FMC) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,842 shares of the basic materials company’s stock after selling 2,519 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in FMC were worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FMC. Millburn Ridgefield Corp lifted its stake in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. increased its position in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of FMC in the third quarter worth about $51,000. Finally, Brooklyn Investment Group bought a new stake in shares of FMC during the 3rd quarter worth about $52,000. Institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FMC. Citigroup reduced their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp cut their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. UBS Group cut their price target on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Bank of America raised FMC from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $63.00 to $61.00 in a research report on Tuesday, January 14th. Ten 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.25.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is owned by corporate insiders.

FMC Trading Down 0.1 %

Shares of FMC stock opened at $55.59 on Monday. The company has a market capitalization of $6.94 billion, a P/E ratio of 4.78, a P/E/G ratio of 1.15 and a beta of 0.83. FMC Co. has a 12-month low of $47.71 and a 12-month high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $53.75 and a 200 day moving average price of $59.00.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company 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%. FMC’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Research analysts forecast that FMC Co. will post 3.34 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.17%. FMC’s dividend payout ratio (DPR) is presently 19.97%.

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.