FMC Co. (NYSE:FMC) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its position in FMC Co. (NYSE:FMC) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,945 shares of the basic materials company’s stock after selling 18,487 shares during the quarter. Kennedy Capital Management LLC’s holdings in FMC were worth $10,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Treasurer of the State of North Carolina increased its stake in FMC by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company’s stock worth $2,662,000 after buying an additional 350 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of FMC during the fourth quarter worth $5,573,000. Bank of Nova Scotia raised its stake in shares of FMC by 16.1% in the fourth quarter. Bank of Nova Scotia now owns 18,332 shares of the basic materials company’s stock valued at $891,000 after acquiring an additional 2,537 shares in the last quarter. Legal & General Group Plc raised its stake in shares of FMC by 8.7% in the fourth quarter. Legal & General Group Plc now owns 217,734 shares of the basic materials company’s stock valued at $10,584,000 after acquiring an additional 17,487 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company’s stock valued at $173,008,000 after purchasing an additional 977,110 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Down 2.5 %

Shares of NYSE FMC opened at $36.32 on Friday. The business has a 50-day moving average price of $39.11 and a 200 day moving average price of $50.94. The stock has a market cap of $4.54 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. 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 Co. has a 52-week low of $32.83 and a 52-week high of $68.72.

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

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.39%. FMC’s payout ratio is 85.29%.

Insider Transactions at FMC

In other news, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated 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 directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

FMC has been the topic of a number of analyst reports. BMO Capital Markets reduced their price target on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. The Goldman Sachs Group started coverage on shares of FMC in a report on Thursday, March 13th. They set a “buy” rating and a $51.00 price target for the company. Vertical Research upgraded shares of FMC to a “hold” rating in a report on Wednesday, February 5th. Finally, Bank of America reiterated an “underperform” rating and set a $48.00 target price (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Two 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.15.

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.