FMC Co. (NYSE:FMC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in FMC Co. (NYSE:FMC) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,640 shares of the basic materials company’s stock after selling 2,582 shares during the period. Franklin Resources Inc.’s holdings in FMC were worth $2,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in FMC by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after acquiring an additional 17,381 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in FMC by 9.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,240 shares of the basic materials company’s stock valued at $532,000 after buying an additional 773 shares during the last quarter. HB Wealth Management LLC boosted its stake in FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock worth $325,000 after buying an additional 208 shares during the period. UMB Bank n.a. increased its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of FMC by 8.6% in the 2nd quarter. Signaturefd LLC now owns 3,688 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Down 1.2 %

Shares of NYSE:FMC opened at $49.13 on Friday. FMC Co. has a fifty-two week low of $47.73 and a fifty-two week high of $68.72. The firm’s 50 day moving average price is $57.67 and its 200 day moving average price is $59.60. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. As a group, equities research analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.72%. FMC’s payout ratio is currently 19.97%.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

FMC has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho raised their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. UBS Group cut their price objective on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Royal Bank of Canada increased their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.69.

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.