11,520 Shares in FMC Co. (NYSE:FMC) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in FMC Co. (NYSE:FMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,520 shares of the basic materials company's stock, valued at approximately $560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Trust Co. N.A. boosted its holdings in shares of FMC by 18.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after buying an additional 9,500 shares in the last quarter. Reinhart Partners LLC. boosted its stake in FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock worth $11,050,000 after acquiring an additional 39,230 shares in the last quarter. First National Bank of Omaha grew its holdings in FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company's stock worth $2,238,000 after purchasing an additional 15,662 shares during the period. Charles Schwab Investment Management Inc. increased its stake in FMC by 2.5% in 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 purchasing an additional 28,059 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of FMC by 9.4% during the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after purchasing an additional 14,197 shares during the period. Institutional investors own 91.86% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently commented on FMC. Morgan Stanley decreased their target price on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Bank of America restated an "underperform" rating and set a $48.00 price objective (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. StockNews.com cut FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. UBS Group lowered shares of FMC from a "buy" rating to a "neutral" rating and decreased their price target for the company from $66.00 to $38.00 in a research note on Friday, February 7th. Finally, Citigroup upped their price objective on shares of FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, FMC presently has an average rating of "Hold" and a consensus target price of $51.15.

FMC Stock Performance

Shares of FMC stock traded down $3.62 during mid-day trading on Friday, hitting $35.33. 3,675,060 shares of the stock were exchanged, compared to its average volume of 2,009,638. The company has a market capitalization of $4.41 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company has a 50-day simple moving average of $41.54 and a 200 day simple moving average of $52.03. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Monday, March 31st. FMC's payout ratio is 85.29%.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.