FMC Co. (NYSE:FMC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in shares of FMC Co. (NYSE:FMC) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,700 shares of the basic materials company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in FMC were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of FMC in the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp lifted its stake in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after buying an additional 324 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in FMC in the 3rd quarter valued at approximately $51,000. Finally, Brooklyn Investment Group purchased a new position in shares of FMC during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent analyst reports. Barclays reduced their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. UBS Group downgraded FMC from a “buy” rating to a “neutral” rating and lowered their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. KeyCorp lowered their price target on FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho lowered their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup increased their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.23.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly 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 this hyperlink. 0.81% of the stock is currently owned by company insiders.

FMC Stock Performance

FMC opened at $37.69 on Thursday. The business’s 50 day moving average is $48.60 and its 200-day moving average is $57.09. The stock has a market cap of $4.71 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a $0.58 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.15%. FMC’s dividend payout ratio (DPR) is 85.29%.

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.