FMC Co. (NYSE:FMC) Holdings Reduced by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH lessened its holdings in shares of FMC Co. (NYSE:FMC) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,842 shares of the basic materials company’s stock after selling 2,519 shares during the period. North Point Portfolio Managers Corp OH owned 0.10% of FMC worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its stake in FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after acquiring an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FMC by 1.8% during the third 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 purchasing an additional 20,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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. New South Capital Management Inc. grew its position in FMC by 1.5% in the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after buying an additional 9,834 shares in the last quarter. Finally, Ilex Capital Partners UK LLP increased its stake in FMC by 2,129.4% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after buying an additional 420,601 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Mizuho decreased their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Citigroup dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Bank of America raised FMC from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $63.00 to $61.00 in a research note on Tuesday, January 14th. Finally, 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, January 21st. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.25.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.85% of the stock is owned by insiders.

FMC Price Performance

FMC stock opened at $55.59 on Monday. The firm has a 50-day moving average of $53.75 and a two-hundred day moving average of $59.00. The firm has a market capitalization of $6.94 billion, a PE ratio of 4.78, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a one year low of $47.71 and a one year high of $68.72.

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

FMC Dividend Announcement

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

About FMC

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.