FMC Co. (NYSE:FMC) Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of FMC Co. (NYSE:FMC) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,994 shares of the basic materials company’s stock after selling 308 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FMC were worth $292,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of FMC by 27.3% during the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after acquiring an additional 1,343,615 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $74,931,000 after purchasing an additional 20,350 shares during the period. New South Capital Management Inc. boosted its stake 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 valued at $43,915,000 after purchasing an additional 9,834 shares during the period. Ilex Capital Partners UK LLP grew its position in FMC by 2,129.4% in 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 purchasing an additional 420,601 shares during the last quarter. Finally, S&CO Inc. increased its stake in shares of FMC by 3.6% in the third quarter. S&CO Inc. now owns 350,863 shares of the basic materials company’s stock valued at $23,135,000 after purchasing an additional 12,193 shares during the period. Institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. KeyCorp cut their price objective on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Finally, Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. One 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.23.

Insider Buying and Selling

In other news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by company insiders.

FMC Stock Up 0.7 %

NYSE FMC opened at $38.25 on Wednesday. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72. The company has a market capitalization of $4.77 billion, a P/E ratio of 14.06, a PEG ratio of 1.90 and a beta of 0.84. The company’s 50 day simple moving average is $47.42 and its 200 day simple moving average is $56.40. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last posted 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%. Equities research analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.07%. 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.