Oak Thistle LLC Sells 1,690 Shares of FMC Co. (NYSE:FMC)

Oak Thistle LLC decreased its stake in shares of FMC Co. (NYSE:FMC) by 18.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,255 shares of the basic materials company’s stock after selling 1,690 shares during the quarter. Oak Thistle LLC’s holdings in FMC were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FMC. American Century Companies Inc. grew its holdings in shares of FMC by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 37,829 shares of the basic materials company’s stock worth $2,177,000 after acquiring an additional 1,589 shares during the period. Dimensional Fund Advisors LP grew its stake in FMC by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock worth $41,543,000 after purchasing an additional 64,055 shares during the period. Argent Trust Co bought a new position in FMC in the second quarter worth $246,000. Amalgamated Bank lifted its position in FMC by 54.6% during the second quarter. Amalgamated Bank now owns 40,462 shares of the basic materials company’s stock valued at $2,329,000 after buying an additional 14,289 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of FMC by 10.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,382 shares of the basic materials company’s stock valued at $655,000 after buying an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In other FMC 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 transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents 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 accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FMC. Bank of America raised shares of FMC from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $63.00 to $61.00 in a research report on Tuesday. UBS Group lowered their target price 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. Mizuho cut their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. KeyCorp lowered their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Finally, Citigroup cut their target price on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Eleven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, FMC has a consensus rating of “Hold” and a consensus price target of $63.25.

FMC Stock Up 0.1 %

Shares of FMC stock opened at $53.50 on Friday. FMC Co. has a twelve month low of $47.71 and a twelve 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 company’s 50 day moving average is $54.16 and its 200 day moving average is $59.03. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Research analysts anticipate that FMC Co. will post 3.34 EPS for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 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.