Oregon Public Employees Retirement Fund reduced its holdings in shares of FMC Co. (NYSE:FMC – Get Rating) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,761 shares of the basic materials company’s stock after selling 2,294 shares during the period. Oregon Public Employees Retirement Fund’s holdings in FMC were worth $2,716,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Wipfli Financial Advisors LLC purchased a new position in shares of FMC during the third quarter valued at approximately $119,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in FMC by 4.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 61,046 shares of the basic materials company’s stock valued at $7,619,000 after buying an additional 2,814 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in FMC by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,085,382 shares of the basic materials company’s stock worth $326,126,000 after acquiring an additional 386,465 shares in the last quarter. American National Bank grew its stake in shares of FMC by 103.9% in the fourth quarter. American National Bank now owns 781 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 398 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of FMC by 17.9% during the third quarter. California Public Employees Retirement System now owns 281,898 shares of the basic materials company’s stock valued at $29,797,000 after acquiring an additional 42,737 shares in the last quarter. Institutional investors own 88.28% of the company’s stock.
FMC Stock Down 4.1 %
FMC stock opened at $116.92 on Monday. The business’s 50-day moving average is $124.57 and its two-hundred day moving average is $123.28. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.48 and a beta of 0.82. FMC Co. has a fifty-two week low of $98.24 and a fifty-two week high of $140.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.43.
FMC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Friday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.98%. FMC’s dividend payout ratio is currently 39.86%.
Insider Buying and Selling
In other news, CFO Andrew D. Sandifer sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the transaction, the chief financial officer now owns 39,061 shares of the company’s stock, valued at $4,990,823.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Nicholas Pfeiffer sold 4,421 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the transaction, the insider now owns 12,064 shares of the company’s stock, valued at approximately $1,564,700.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew D. Sandifer sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $127.77, for a total value of $638,850.00. Following the sale, the chief financial officer now directly owns 39,061 shares in the company, valued at $4,990,823.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,376 shares of company stock valued at $1,465,016. 0.85% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
FMC has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on shares of FMC from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Royal Bank of Canada raised their price target on shares of FMC from $139.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. StockNews.com began coverage on FMC in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. The Goldman Sachs Group lifted their target price on FMC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Finally, KeyCorp upped their price target on FMC from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.08.
FMC Company Profile
FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.
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