FMC Co. (NYSE:FMC) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its holdings in FMC Co. (NYSE:FMC) by 23.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,125 shares of the basic materials company’s stock after selling 4,085 shares during the period. Greenleaf Trust’s holdings in FMC were worth $638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Osborne Partners Capital Management LLC raised its holdings in FMC by 1.7% in the fourth quarter. Osborne Partners Capital Management LLC now owns 127,960 shares of the basic materials company’s stock valued at $6,220,000 after acquiring an additional 2,081 shares in the last quarter. Caprock Group LLC bought a new stake in shares of FMC in the 4th quarter worth about $208,000. Kempner Capital Management Inc. raised its stake in shares of FMC by 188.1% in the 4th quarter. Kempner Capital Management Inc. now owns 61,362 shares of the basic materials company’s stock valued at $2,983,000 after purchasing an additional 40,060 shares in the last quarter. Washington Capital Management Inc. lifted its position in shares of FMC by 77.8% during the fourth quarter. Washington Capital Management Inc. now owns 9,600 shares of the basic materials company’s stock worth $467,000 after purchasing an additional 4,200 shares during the last quarter. Finally, tru Independence LLC grew its stake in FMC by 28.9% in the fourth quarter. tru Independence LLC now owns 104,090 shares of the basic materials company’s stock worth $5,060,000 after purchasing an additional 23,360 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,491 shares of company stock worth $433,898. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FMC has been the topic of a number of research analyst reports. Barclays raised FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price on the stock in a report on Tuesday, January 21st. Mizuho decreased their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. KeyCorp dropped their target price 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. UBS Group decreased their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada increased their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.75.

FMC Trading Down 1.7 %

NYSE:FMC opened at $54.00 on Wednesday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a 1 year low of $47.71 and a 1 year high of $68.72. The business has a fifty day moving average of $53.43 and a 200-day moving average of $58.85.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 34.93% and a return on equity of 7.68%. Equities analysts predict that FMC Co. will post 3.33 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 paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is currently 19.97%.

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.