FMC Co. (NYSE:FMC) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its position in FMC Co. (NYSE:FMC) by 69.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,521 shares of the basic materials company’s stock after selling 3,460 shares during the quarter. Benjamin Edwards Inc.’s holdings in FMC were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMC. CVA Family Office LLC acquired a new stake in shares of FMC during the fourth quarter worth $31,000. Financial Connections Group Inc. purchased a new stake in FMC in the fourth quarter valued at approximately $31,000. Quintet Private Bank Europe S.A. acquired a new position in FMC during the third quarter worth approximately $33,000. Spire Wealth Management raised its stake in FMC by 143.1% during the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 299 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 228 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FMC shares. BMO Capital Markets decreased their target price on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Royal Bank of Canada cut their target price on shares of FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Mizuho decreased their price target on shares of FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. Finally, Bank of America cut FMC from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and an average target price of $71.75.

FMC Trading Up 2.2 %

FMC opened at $61.85 on Friday. The stock has a market capitalization of $7.72 billion, a PE ratio of 5.87, a P/E/G ratio of 1.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. FMC Co. has a 12-month low of $49.49 and a 12-month high of $114.66. The firm’s fifty day moving average price is $60.27 and its 200 day moving average price is $57.95.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter last year, the company posted $2.37 EPS. As a group, research analysts expect that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio is presently 22.03%.

FMC Company 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.