Sumitomo Mitsui Trust Group Inc. Decreases Stock Position in FMC Co. (NYSE:FMC)

Sumitomo Mitsui Trust Group Inc. cut its stake in FMC Co. (NYSE:FMCFree Report) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,482 shares of the basic materials company’s stock after selling 2,023 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in FMC were worth $801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in FMC by 27.3% during the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after buying an additional 1,343,615 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after buying an additional 20,350 shares during the last quarter. New South Capital Management Inc. lifted its holdings in FMC by 1.5% during the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock worth $43,915,000 after buying an additional 9,834 shares during the last quarter. Ilex Capital Partners UK LLP lifted its holdings in FMC by 2,129.4% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after buying an additional 420,601 shares during the last quarter. Finally, S&CO Inc. lifted its holdings in FMC by 3.6% during the 3rd quarter. S&CO Inc. now owns 350,863 shares of the basic materials company’s stock worth $23,135,000 after buying an additional 12,193 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Performance

Shares of FMC stock opened at $36.65 on Friday. The stock has a market capitalization of $4.57 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The stock’s 50-day moving average price is $49.79 and its 200 day moving average price is $57.60. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMCGet Free Report) last issued 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 9.67% and a net margin of 8.03%. As a group, equities research analysts forecast that FMC Co. will post 3.53 EPS for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is 85.29%.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on FMC shares. Bank of America reaffirmed an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Barclays decreased their price target on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup lifted their target price on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $53.62.

Check Out Our Latest Stock Report on FMC

FMC Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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