Hardman Johnston Global Advisors LLC Has $9.80 Million Position in FMC Co. (NYSE:FMC)

Hardman Johnston Global Advisors LLC reduced its stake in FMC Co. (NYSE:FMC) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,657 shares of the basic materials company’s stock after selling 9,090 shares during the period. Hardman Johnston Global Advisors LLC owned 0.16% of FMC worth $9,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp increased its holdings in shares of 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 purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of FMC by 90.8% in 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. Golden State Wealth Management LLC acquired a new position in shares of FMC in the fourth quarter valued at $29,000. Peterson Financial Group Inc. acquired a new position in shares of FMC in the third quarter valued at $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC in the third quarter valued at $52,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FMC shares. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $38.00 in a research note on Friday, February 7th. BMO Capital Markets decreased their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Citigroup upped their price target on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America restated an “underperform” rating and issued a $48.00 price target (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, FMC has an average rating of “Hold” and a consensus price target of $52.23.

Insider Buying and Selling at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s 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 completion of the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

FMC Stock Performance

FMC stock opened at $38.30 on Monday. The business has a 50 day moving average of $47.97 and a 200-day moving average of $56.73. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market capitalization of $4.78 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.90 and a beta of 0.84.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating 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 research analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio is presently 85.29%.

FMC 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.