Hardman Johnston Global Advisors LLC Sells 9,090 Shares of FMC Co. (NYSE:FMC)

Hardman Johnston Global Advisors LLC trimmed its position in shares of FMC Co. (NYSE:FMC) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,657 shares of the basic materials company’s stock after selling 9,090 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in FMC were worth $9,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FMC. Millburn Ridgefield Corp boosted its holdings 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 worth $33,000 after buying an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after buying an additional 246 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of FMC in the 4th quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in shares of FMC in the 3rd quarter worth about $51,000. Finally, Brooklyn Investment Group purchased a new position in shares of FMC in the 3rd quarter worth about $52,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FMC. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $38.00 in a report on Friday, February 7th. BMO Capital Markets lowered their price objective on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup boosted their price objective on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, KeyCorp lowered their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, FMC presently has an average rating of “Hold” and an average target price of $52.23.

FMC Stock Up 0.3 %

FMC stock opened at $38.30 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $47.97 and its 200 day moving average is $56.73. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping 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%. Sell-side analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio is currently 85.29%.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by insiders.

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.