Taylor Frigon Capital Management LLC Sells 270 Shares of FMC Co. (NYSE:FMC)

Taylor Frigon Capital Management LLC reduced its stake in shares of FMC Co. (NYSE:FMC) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,779 shares of the basic materials company’s stock after selling 270 shares during the period. Taylor Frigon Capital Management LLC’s holdings in FMC were worth $1,107,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in FMC during the fourth quarter valued at about $29,000. Millburn Ridgefield Corp raised its holdings in FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after buying an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in FMC by 90.8% during the third 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 in the last quarter. IFP Advisors Inc raised its holdings in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after buying an additional 379 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after buying an additional 255 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

FMC Stock Down 0.1 %

FMC stock opened at $38.21 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 business’s 50-day simple moving average is $47.20 and its 200 day simple moving average is $56.28. The company has a market cap of $4.77 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, research analysts anticipate that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is 85.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FMC. Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. KeyCorp lowered their price target on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Mizuho lowered their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.23.

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.