Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.29 Million Stock Position in FMC Co. (NYSE:FMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of FMC Co. (NYSE:FMC) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,544 shares of the basic materials company’s stock after selling 629 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FMC were worth $1,290,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FMC. Millburn Ridgefield Corp grew its position in shares of FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after buying an additional 324 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares during the period. Golden State Wealth Management LLC bought a new stake in FMC in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its position in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the period. Finally, Brooklyn Investment Group bought a new position in FMC during the 3rd quarter worth approximately $52,000. Institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the subject of several recent analyst reports. Wells Fargo & Company reiterated a “cautious” rating on shares of FMC in a research report on Thursday, March 6th. Citigroup lifted their price objective on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and an average price target of $51.15.

Insiders Place Their Bets

In other news, Director Carol Anthony Davidson acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $223,980. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ronaldo Pereira bought 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95 % 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 Trading Down 1.5 %

NYSE:FMC opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. 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 $5.14 billion, a PE ratio of 15.12, a PEG ratio of 1.90 and a beta of 0.93. The firm has a 50-day moving average of $43.67 and a 200-day moving average of $53.15.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, equities research analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.64%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

FMC 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.