PNC Financial Services Group Inc. Trims Position in FMC Co. (NYSE:FMC)

PNC Financial Services Group Inc. decreased its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,221 shares of the basic materials company's stock after selling 6,243 shares during the period. PNC Financial Services Group Inc.'s holdings in FMC were worth $2,684,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. boosted its stake in FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock valued at $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. lifted 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 purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock worth $2,867,000 after purchasing an additional 9,449 shares during the last quarter. First National Bank of Omaha lifted its stake in FMC by 85.7% during 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 last quarter. Finally, Algert Global LLC lifted its stake in FMC by 118.4% during the third quarter. Algert Global LLC now owns 58,752 shares of the basic materials company's stock worth $3,874,000 after purchasing an additional 31,850 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

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Insider Buying and Selling at FMC

In other FMC news, insider Ronaldo Pereira purchased 5,600 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the purchase, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company's stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.85% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on FMC. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. KeyCorp decreased their price objective on FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Citigroup lifted their price objective on FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. BMO Capital Markets decreased their price objective on FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $52.14.

FMC Stock Up 3.5 %

Shares of FMC traded up $1.40 during mid-day trading on Friday, reaching $41.78. The company had a trading volume of 2,294,841 shares, compared to its average volume of 1,797,941. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. 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 firm has a 50-day moving average price of $44.89 and a 200 day moving average price of $54.34.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that FMC Co. will post 3.48 EPS for the current 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 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 yield of 5.55%. FMC's dividend payout ratio is presently 85.29%.

FMC Company 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.