FMC Co. (NYSE:FMC) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC trimmed its position in shares of FMC Co. (NYSE:FMC) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,217 shares of the basic materials company’s stock after selling 1,346 shares during the period. Kanawha Capital Management LLC’s holdings in FMC were worth $351,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barnett & Company Inc. acquired a new position in FMC during the 3rd quarter worth $2,265,000. Inspire Trust Co. N.A. boosted its holdings in shares of FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. lifted its position in FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. lifted its position in FMC by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after purchasing an additional 9,449 shares during the last quarter. Finally, First National Bank of Omaha lifted its position in FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after purchasing an additional 15,662 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Performance

FMC stock opened at $36.72 on Friday. The firm’s 50 day simple moving average is $50.19 and its 200-day simple moving average is $57.76. The company has a market cap of $4.58 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.09. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, equities research analysts predict that FMC Co. will post 3.53 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is presently 85.29%.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the business’s 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 of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FMC has been the topic of several recent research reports. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Friday. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Bank of America restated an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Finally, Mizuho dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.62.

About FMC

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.