Janney Montgomery Scott LLC Sells 7,694 Shares of FMC Co. (NYSE:FMC)

Janney Montgomery Scott LLC reduced its position in shares of FMC Co. (NYSE:FMC) by 31.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,888 shares of the basic materials company’s stock after selling 7,694 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FMC were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FMC. Millburn Ridgefield Corp grew its position in shares of FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after buying an additional 324 shares during the period. First Horizon Advisors Inc. grew its holdings 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 acquiring an additional 246 shares during the period. Mather Group LLC. raised its position in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of FMC during the 3rd quarter valued at $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC in the 3rd quarter valued at $52,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FMC. Mizuho decreased their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. UBS Group decreased their target price on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. BMO Capital Markets cut their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised shares of FMC from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.62.

FMC Stock Down 0.7 %

Shares of FMC stock opened at $35.66 on Friday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 3.07, a P/E/G ratio of 1.20 and a beta of 0.84. FMC Co. has a 12-month low of $34.00 and a 12-month high of $68.72. The firm has a fifty day moving average of $52.48 and a 200-day moving average of $58.53. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 7.68% and a net margin of 34.93%. As a group, equities research analysts predict that FMC Co. will post 3.33 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 6.51%. The ex-dividend date was Tuesday, December 31st. FMC’s payout ratio is 19.97%.

Insiders Place Their Bets

In other news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock valued at $433,898 in the last quarter. 0.81% of the stock is currently owned by insiders.

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.