FMC Co. (NYSE:FMC) Stock Holdings Decreased by Centre Asset Management LLC

Centre Asset Management LLC trimmed its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,887 shares of the basic materials company's stock after selling 11,687 shares during the period. Centre Asset Management LLC owned about 0.12% of FMC worth $6,994,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Millburn Ridgefield Corp boosted 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 worth $33,000 after buying an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its stake 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 worth $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. grew its holdings in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock worth $37,000 after acquiring an additional 396 shares during the period. Peterson Financial Group Inc. purchased a new position in FMC in the 3rd quarter valued at approximately $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC during the 3rd quarter worth $52,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group lowered their price target on shares of FMC from $75.00 to $66.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. KeyCorp dropped their price target on FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a research report on Thursday. Mizuho increased their price objective on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Citigroup cut their target price on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price target on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, FMC has an average rating of "Hold" and an average price target of $64.92.

FMC Stock Down 0.4 %

Shares of NYSE:FMC traded down $0.21 during midday trading on Friday, hitting $48.53. 1,226,482 shares of the company's stock traded hands, compared to its average volume of 1,268,991. The firm's fifty day moving average price is $56.04 and its two-hundred day moving average price is $59.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a twelve month low of $47.71 and a twelve month high of $68.72. The company has a market cap of $6.06 billion, a PE ratio of 4.18, a P/E/G ratio of 1.48 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities research analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.78%. FMC's dividend payout ratio (DPR) is presently 19.97%.

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.