Skylands Capital LLC Raises Stock Holdings in FMC Co. (NYSE:FMC)

Skylands Capital LLC lifted its holdings in shares of FMC Co. (NYSE:FMC) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,775 shares of the basic materials company’s stock after purchasing an additional 85,950 shares during the quarter. FMC accounts for about 2.3% of Skylands Capital LLC’s portfolio, making the stock its 9th biggest position. Skylands Capital LLC owned about 0.27% of FMC worth $16,565,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp raised its position in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. raised its position in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in FMC in the 4th quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new stake in FMC in the 3rd quarter valued at approximately $51,000. Finally, Brooklyn Investment Group acquired a new stake in FMC in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

FMC has been the topic of a number of recent research reports. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and dropped their target price for the company from $66.00 to $38.00 in a research report on Friday, February 7th. Citigroup boosted their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Vertical Research raised FMC to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.23.

FMC Stock Performance

FMC opened at $38.30 on Monday. The business has a fifty day simple moving average of $47.97 and a 200 day simple moving average of $56.73. The company has a market capitalization of $4.78 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. 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 released 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%. Research analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. 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 6.06%. FMC’s payout ratio is 85.29%.

Insider Activity

In other news, EVP Michael Finian Reilly sold 2,958 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

FMC Company 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.