FMC Co. (NYSE:FMC) Stock Position Trimmed by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC cut its position in FMC Co. (NYSE:FMC) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,247 shares of the basic materials company’s stock after selling 1,211 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in FMC were worth $209,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FMC. Merit Financial Group LLC bought a new stake in shares of FMC during the 4th quarter worth about $345,000. Legacy Wealth Asset Management LLC raised its position in shares of FMC by 37.9% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,546 shares of the basic materials company’s stock worth $610,000 after buying an additional 3,446 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of FMC by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company’s stock worth $244,000 after buying an additional 293 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of FMC by 20.9% during the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of FMC by 9.4% during the 4th quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company’s stock worth $8,015,000 after buying an additional 14,197 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Stock Performance

Shares of FMC opened at $55.59 on Friday. The company’s 50 day moving average price is $53.75 and its 200 day moving average price is $58.94. FMC Co. has a 52 week low of $47.71 and a 52 week high of $68.72. The company has a market capitalization of $6.94 billion, a PE ratio of 4.78, a PEG ratio of 1.15 and a beta of 0.83. 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 (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Research analysts expect that FMC Co. will post 3.34 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors 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 4.17%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is presently 19.97%.

Analyst Ratings Changes

A number of analysts have commented on the stock. KeyCorp dropped their price target on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada boosted their price target on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a research report on Tuesday. UBS Group dropped their target price on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Mizuho dropped their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.25.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of FMC 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 completion of the sale, the vice president now directly owns 28,649 shares in the company, 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 through the SEC website. 0.85% of the stock is currently owned by insiders.

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.