Xponance Inc. Lowers Position in FMC Co. (NYSE:FMC)

Xponance Inc. trimmed its stake in FMC Co. (NYSE:FMC) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,183 shares of the basic materials company’s stock after selling 1,870 shares during the quarter. Xponance Inc.’s holdings in FMC were worth $1,146,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FMC. Wellington Management Group LLP lifted its position in FMC by 17.7% during the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after buying an additional 1,634,535 shares in the last quarter. Manning & Napier Group LLC lifted its position in FMC by 58.9% during the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock valued at $150,658,000 after buying an additional 833,845 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in FMC by 175.2% during the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after buying an additional 532,158 shares in the last quarter. Invesco Ltd. lifted its position in FMC by 37.9% during the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock valued at $118,166,000 after buying an additional 484,500 shares in the last quarter. Finally, Tweedy Browne Co LLC lifted its position in FMC by 43.2% during the third quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock valued at $96,692,000 after buying an additional 435,404 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

FMC Stock Down 0.4 %

FMC stock opened at $58.40 on Thursday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a 50-day simple moving average of $59.21 and a 200-day simple moving average of $58.10. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same period in the previous year, the company earned $2.37 EPS. As a group, equities analysts expect that FMC Co. will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, March 27th. FMC’s payout ratio is currently 22.03%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. StockNews.com cut shares of FMC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Mizuho reduced their target price on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Roth Mkm began coverage on shares of FMC in a research report on Thursday, January 4th. They set a “buy” rating and a $74.00 target price on the stock. Finally, BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.75.

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.