EntryPoint Capital LLC Purchases Shares of 10,408 FMC Co. (NYSE:FMC)

EntryPoint Capital LLC acquired a new stake in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,408 shares of the basic materials company’s stock, valued at approximately $506,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Trust Co. N.A. lifted its holdings in FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 9,500 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares in the last quarter. First National Bank of Omaha raised its stake in shares of FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after acquiring an additional 15,662 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after acquiring an additional 28,059 shares in the last quarter. Finally, Algert Global LLC grew its position in FMC by 118.4% during the 3rd quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock worth $3,874,000 after acquiring an additional 31,850 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

Shares of FMC opened at $41.13 on Wednesday. The stock has a market cap of $5.14 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The stock’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $53.15. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last issued 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, equities analysts predict 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.64%. FMC’s dividend payout ratio is presently 85.29%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FMC. BMO Capital Markets reduced 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. Mizuho reduced their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Citigroup upped their target price on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays lowered their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.15.

Insiders Place Their Bets

In related news, Director Carol Anthony Davidson bought 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

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.