Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 629 Shares of FMC Co. (NYSE:FMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of FMC Co. (NYSE:FMC) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,544 shares of the basic materials company’s stock after selling 629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FMC were worth $1,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FMC. Commerce Bank raised its stake in FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after buying an additional 183 shares during the period. First Horizon Advisors Inc. raised its stake in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares during the period. Charles Schwab Investment Management Inc. raised its stake in FMC by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock valued at $74,931,000 after acquiring an additional 20,350 shares during the period. Cerity Partners LLC lifted its holdings in FMC by 105.7% during the 3rd quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company’s stock valued at $3,224,000 after purchasing an additional 25,122 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in FMC by 80.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company’s stock worth $421,000 after purchasing an additional 2,839 shares during the period. 91.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FMC has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $51.15.

FMC Trading Down 1.5 %

Shares of FMC stock opened at $41.13 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.90 and a beta of 0.93. The firm’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $53.15.

FMC (NYSE:FMC) last posted its quarterly 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 net margin of 8.03% and a return on equity of 9.67%. On average, analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.64%. FMC’s dividend payout ratio is currently 85.29%.

Insider Activity at FMC

In related news, Director Carol Anthony Davidson bought 6,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

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.