Alpine Woods Capital Investors LLC Reduces Holdings in FMC Co. (NYSE:FMC)

Alpine Woods Capital Investors LLC reduced its position in shares of FMC Co. (NYSE:FMC - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,571 shares of the basic materials company's stock after selling 7,945 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in FMC were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Commerce Bank increased its stake in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after purchasing an additional 183 shares in the last quarter. WP Advisors LLC increased its stake in FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 200 shares in the last quarter. International Private Wealth Advisors LLC increased its stake in FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 205 shares in the last quarter. Blue Trust Inc. increased its stake in FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company's stock valued at $127,000 after purchasing an additional 236 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in 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 in the last quarter. 91.86% of the stock is currently owned by institutional investors.

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Insider Activity

In related 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 value of $163,429.50. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $223,980. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Wells Fargo & Company reaffirmed a "cautious" rating on shares of FMC in a report on Thursday, March 6th. KeyCorp dropped their price target on shares of FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Vertical Research raised shares of FMC to a "hold" rating in a report on Wednesday, February 5th. Finally, UBS Group downgraded shares of FMC from a "buy" rating to a "neutral" rating and dropped their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.14.

FMC Price Performance

NYSE:FMC traded up $0.13 during trading hours on Tuesday, hitting $42.81. 2,299,782 shares of the stock traded hands, compared to its average volume of 1,784,170. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 1 year low of $33.80 and a 1 year high of $68.72. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The stock has a 50 day moving average price of $44.75 and a 200 day moving average price of $54.03.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal 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. This represents a $2.32 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Monday, March 31st. FMC's payout ratio is currently 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.