FMC Co. (NYSE:FMC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in FMC Co. (NYSE:FMC) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,847 shares of the basic materials company’s stock after selling 7,576 shares during the quarter. Leeward Investments LLC MA’s holdings in FMC were worth $8,742,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 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 valued at $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its position in FMC by 90.8% during 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 period. Golden State Wealth Management LLC purchased a new stake in FMC during the 4th quarter worth $29,000. Peterson Financial Group Inc. purchased a new stake in FMC during the 3rd quarter worth $51,000. Finally, Brooklyn Investment Group purchased a new stake in FMC during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Friday, February 14th. KeyCorp decreased their price objective on shares of FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup upped their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.23.

FMC Stock Performance

Shares of FMC stock opened at $38.30 on Friday. The firm has a market cap of $4.78 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. The firm’s 50-day simple moving average is $47.97 and its 200-day simple moving average is $56.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72.

FMC (NYSE:FMC) last released 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%. Equities analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.06%. FMC’s dividend payout ratio (DPR) is 85.29%.

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.