FMC Co. (NYSE:FMC) Shares Sold by Mendel Money Management

Mendel Money Management lowered its position in FMC Co. (NYSE:FMC) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,248 shares of the basic materials company’s stock after selling 7,026 shares during the quarter. Mendel Money Management’s holdings in FMC were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FMC. Commerce Bank raised its stake in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 183 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. 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. Cerity Partners LLC lifted its holdings in FMC by 105.7% in the third quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company’s stock worth $3,224,000 after purchasing an additional 25,122 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in FMC by 80.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company’s stock valued at $421,000 after buying an additional 2,839 shares during the period. Institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FMC. The Goldman Sachs Group began coverage on shares of FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target for the company. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Friday, February 14th. Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, FMC presently has an average rating of “Hold” and a consensus price target of $51.15.

Insiders Place Their Bets

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now directly 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 disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

FMC Price Performance

Shares of NYSE:FMC opened at $41.13 on Wednesday. The company’s fifty day moving average is $43.67 and its two-hundred day moving average is $53.15. The company has a market cap of $5.14 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Equities analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.64%. FMC’s dividend payout ratio 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.