FMC Co. (NYSE:FMC) Position Trimmed by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in FMC Co. (NYSE:FMC) by 25.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,372 shares of the basic materials company’s stock after selling 3,500 shares during the period. Shell Asset Management Co.’s holdings in FMC were worth $661,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FMC. SG Americas Securities LLC purchased a new stake in shares of FMC during the fourth quarter valued at $892,000. Raymond James & Associates lifted its stake in FMC by 0.5% during the fourth quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after buying an additional 610 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of FMC in the fourth quarter worth about $31,000. Raymond James Financial Services Advisors Inc. increased its position in shares of FMC by 8.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,093 shares of the basic materials company’s stock worth $1,456,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of FMC by 20.3% during the fourth quarter. Pacer Advisors Inc. now owns 14,848 shares of the basic materials company’s stock valued at $936,000 after acquiring an additional 2,507 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

FMC traded up $0.37 on Friday, hitting $59.31. The company had a trading volume of 265,129 shares, compared to its average volume of 1,933,558. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02. The company’s fifty day moving average price is $58.05 and its 200 day moving average price is $58.73. FMC Co. has a 1-year low of $49.49 and a 1-year high of $96.81.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. FMC’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 earnings per share. Equities analysts predict that FMC Co. will post 3.43 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

FMC has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Barclays began coverage on FMC in a research report on Wednesday, June 26th. They set an “equal weight” rating and a $62.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, FMC has a consensus rating of “Hold” and a consensus target price of $69.71.

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.