Farther Finance Advisors LLC Sells 4,095 Shares of FMC Co. (NYSE:FMC)

Farther Finance Advisors LLC reduced its stake in FMC Co. (NYSE:FMC) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,248 shares of the basic materials company’s stock after selling 4,095 shares during the period. Farther Finance Advisors LLC’s holdings in FMC were worth $547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares in the last quarter. HighTower Advisors LLC lifted its holdings in FMC by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 7,766 shares of the basic materials company’s stock worth $377,000 after acquiring an additional 437 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in FMC by 122.1% during the fourth quarter. Wealthfront Advisers LLC now owns 6,795 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 3,735 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of FMC by 0.5% in the 4th quarter. Pzena Investment Management LLC now owns 577,962 shares of the basic materials company’s stock valued at $28,095,000 after purchasing an additional 2,668 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of FMC by 16.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,704 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 946 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FMC. Wells Fargo & Company reissued a “cautious” rating on shares of FMC in a research note on Thursday, March 6th. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Friday, February 14th. UBS Group downgraded FMC from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $38.00 in a research note on Friday, February 7th. Barclays dropped their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.14.

Insider Transactions at FMC

In related news, Director Carol Anthony Davidson purchased 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Company insiders own 0.85% of the company’s stock.

FMC Stock Up 3.5 %

Shares of FMC opened at $41.78 on Monday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a market cap of $5.22 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $44.89 and a two-hundred day simple moving average of $54.19.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating 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%. Research analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued 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 5.55%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

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.