Stoneridge Investment Partners LLC Trims Stock Holdings in FMC Co. (NYSE:FMC)

Stoneridge Investment Partners LLC lowered its position in shares of FMC Co. (NYSE:FMC) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,626 shares of the basic materials company’s stock after selling 1,024 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in FMC were worth $273,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in FMC during the 4th quarter valued at about $29,000. Millburn Ridgefield Corp lifted its holdings in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of FMC by 90.8% during the third 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. Mather Group LLC. boosted its position in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of FMC in the 3rd quarter worth approximately $51,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

FMC stock opened at $34.51 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.09. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The company has a market cap of $4.31 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The stock’s fifty day moving average price is $51.99 and its 200-day moving average price is $58.38.

FMC (NYSE:FMC) last announced its 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 return on equity of 9.67% and a net margin of 8.03%. On average, equities analysts forecast that FMC Co. will post 3.53 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 6.72%. FMC’s dividend payout ratio is currently 85.29%.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the 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 sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,491 shares of company stock worth $433,898. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of several analyst reports. Morgan Stanley dropped their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday. Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $66.00 to $38.00 in a report on Friday. StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Mizuho reduced their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.00.

FMC Company 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.