Kanawha Capital Management LLC Has $351,000 Holdings in FMC Co. (NYSE:FMC)

Kanawha Capital Management LLC lessened its holdings in FMC Co. (NYSE:FMC) by 15.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,217 shares of the basic materials company’s stock after selling 1,346 shares during the period. Kanawha Capital Management LLC’s holdings in FMC were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millburn Ridgefield Corp increased its holdings in 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 period. First Horizon Advisors Inc. grew 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 purchasing an additional 246 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of FMC in the 4th quarter worth about $29,000. Peterson Financial Group Inc. bought a new stake in shares of FMC in the 3rd quarter worth about $51,000. Finally, Brooklyn Investment Group bought a new stake in shares of FMC in the 3rd quarter worth about $52,000. Institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets reduced their price target on shares of 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 downgraded shares of FMC from a “buy” rating to a “hold” rating in a research report on Friday. Finally, UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.62.

Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were 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 in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.85% of the stock is owned by corporate insiders.

FMC Stock Performance

Shares of FMC stock opened at $36.72 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. The company has a market capitalization of $4.58 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The company’s 50 day moving average price is $50.19 and its two-hundred day moving average price is $57.76. FMC Co. has a 52 week low of $33.80 and a 52 week 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 (EPS) for the quarter, beating 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%. On average, analysts expect that FMC Co. will post 3.53 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.32%. 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.