Tributary Capital Management LLC Has $222,000 Stock Holdings in FMC Co. (NYSE:FMC)

Tributary Capital Management LLC reduced its position in shares of FMC Co. (NYSE:FMC) by 6.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,575 shares of the basic materials company’s stock after selling 300 shares during the period. Tributary Capital Management LLC’s holdings in FMC were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barnett & Company Inc. bought a new position in shares of FMC in the 3rd quarter worth $2,265,000. Inspire Trust Co. N.A. lifted its stake in shares of FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after buying an additional 9,500 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after buying an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after acquiring an additional 9,449 shares in the last quarter. Finally, First National Bank of Omaha raised its holdings in shares of FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after acquiring an additional 15,662 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Down 0.1 %

FMC stock opened at $55.59 on Friday. The firm has a 50 day moving average price of $53.75 and a 200-day moving average price of $58.97. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a twelve month low of $47.71 and a twelve month high of $68.72. The company has a market capitalization of $6.94 billion, a P/E ratio of 4.78, a P/E/G ratio of 1.15 and a beta of 0.83.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts predict that FMC Co. will post 3.34 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and cut their price target for the company from $63.00 to $61.00 in a research note on Tuesday, January 14th. UBS Group decreased their price target on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Tuesday, January 21st. Finally, Mizuho dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.25.

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.