WINTON GROUP Ltd Lowers Position in FMC Co. (NYSE:FMC)

WINTON GROUP Ltd trimmed its position in shares of FMC Co. (NYSE:FMC) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,854 shares of the basic materials company’s stock after selling 7,550 shares during the quarter. FMC accounts for approximately 0.9% of WINTON GROUP Ltd’s portfolio, making the stock its 16th largest holding. WINTON GROUP Ltd owned about 0.23% of FMC worth $14,236,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in FMC by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after purchasing an additional 180,766 shares during the last quarter. State Street Corp grew its holdings in shares of FMC by 27.3% in 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FMC by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock valued at $101,509,000 after acquiring an additional 685,995 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FMC by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock valued at $56,602,000 after acquiring an additional 28,059 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in FMC by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after acquiring an additional 46,137 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 2.2 %

Shares of NYSE FMC opened at $42.13 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.26 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.90 and a beta of 0.93. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The business has a 50-day simple moving average of $43.44 and a two-hundred day simple moving average of $53.08.

FMC (NYSE:FMC) last released 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%. Research analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.51%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Activity at FMC

In related news, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FMC shares. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. Morgan Stanley dropped their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Mizuho dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup raised their target price on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $51.15.

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.