Reinhart Partners LLC. Has $11.05 Million Stock Position in FMC Co. (NYSE:FMC)

Reinhart Partners LLC. raised its position in shares of FMC Co. (NYSE:FMC - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,328 shares of the basic materials company's stock after purchasing an additional 39,230 shares during the quarter. Reinhart Partners LLC. owned 0.18% of FMC worth $11,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp lifted its stake in FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock worth $417,151,000 after acquiring an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FMC by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock worth $74,931,000 after purchasing an additional 20,350 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after purchasing an additional 836,179 shares during the period. Dimensional Fund Advisors LP grew its position in FMC by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company's stock valued at $41,543,000 after purchasing an additional 64,055 shares in the last quarter. Finally, New South Capital Management Inc. increased its stake in FMC by 1.5% in the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company's stock valued at $43,915,000 after buying an additional 9,834 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company's stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of FMC from $75.00 to $66.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada raised their price target on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. KeyCorp lowered their price target on FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Citigroup cut their price objective on shares of FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho decreased their target price on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, FMC presently has an average rating of "Hold" and a consensus price target of $62.92.

FMC Stock Performance

FMC stock traded up $2.44 on Monday, hitting $52.03. The company's stock had a trading volume of 1,929,137 shares, compared to its average volume of 1,571,062. FMC Co. has a one year low of $47.71 and a one year high of $68.72. The firm has a market cap of $6.50 billion, a P/E ratio of 4.48, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $54.51 and a 200-day moving average price of $59.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities analysts anticipate that FMC Co. will post 3.35 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, December 31st. FMC's dividend payout ratio is currently 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.