Isthmus Partners LLC Sells 17,873 Shares of FMC Co. (NYSE:FMC)

Isthmus Partners LLC decreased its holdings in FMC Co. (NYSE:FMC) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,419 shares of the basic materials company’s stock after selling 17,873 shares during the period. Isthmus Partners LLC owned approximately 0.10% of FMC worth $6,097,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp raised its stake in 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 acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in FMC during the 4th quarter worth approximately $29,000. Peterson Financial Group Inc. acquired a new stake in FMC in the third quarter valued at approximately $51,000. Finally, Brooklyn Investment Group acquired a new stake in FMC in the third 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 subject of a number of research reports. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. BMO Capital Markets cut their price target on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Citigroup lifted their target price on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, KeyCorp dropped their price target on shares of FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.23.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were 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 owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ronaldo Pereira acquired 5,600 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by company insiders.

FMC Stock Up 2.6 %

Shares of FMC stock opened at $41.31 on Monday. The stock’s 50-day moving average is $45.65 and its 200 day moving average is $55.04. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.90 and a beta of 0.93. 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 posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.62%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

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.