Inspire Trust Co. N.A. trimmed its stake in shares of FMC Corporation (NYSE:FMC – Free Report) by 71.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the basic materials company’s stock after selling 100,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in FMC were worth $555,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in FMC. Armistice Capital LLC bought a new position in FMC during the 3rd quarter valued at $204,000. Entropy Technologies LP bought a new position in FMC during the 3rd quarter valued at $267,000. Cary Street Partners Financial LLC boosted its stake in FMC by 26.0% during the 3rd quarter. Cary Street Partners Financial LLC now owns 18,173 shares of the basic materials company’s stock valued at $611,000 after acquiring an additional 3,749 shares during the last quarter. Dearborn Partners LLC bought a new position in FMC during the 3rd quarter valued at $747,000. Finally, Focus Partners Wealth boosted its stake in FMC by 137.7% during the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock valued at $904,000 after acquiring an additional 12,414 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.
FMC Trading Up 0.3%
FMC stock opened at $13.56 on Friday. The firm’s 50-day moving average is $15.18 and its 200-day moving average is $14.62. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 1.29. FMC Corporation has a 1 year low of $12.17 and a 1 year high of $44.78. The company has a market cap of $1.70 billion, a P/E ratio of -0.68, a PEG ratio of 1.08 and a beta of 0.39.
FMC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, June 30th. FMC’s dividend payout ratio (DPR) is -1.60%.
Insider Buying and Selling at FMC
In other news, Director Michael F. Barry acquired 18,072 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $13.83 per share, with a total value of $249,935.76. Following the acquisition, the director directly owned 19,634 shares in the company, valued at approximately $271,538.22. The trade was a 1,156.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have commented on FMC shares. UBS Group increased their price objective on shares of FMC from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of FMC from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of FMC from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Royal Bank Of Canada increased their price objective on shares of FMC from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, Mizuho reduced their price target on shares of FMC from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $20.46.
Get Our Latest Analysis on FMC
FMC Profile
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
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