Neuberger Berman Group LLC Cuts Stock Position in FMC Co. (NYSE:FMC)

Neuberger Berman Group LLC trimmed its stake in FMC Co. (NYSE:FMC - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,769 shares of the basic materials company's stock after selling 9,723 shares during the quarter. Neuberger Berman Group LLC's holdings in FMC were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in FMC during the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after acquiring an additional 511 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the 4th quarter worth about $37,000. IFP Advisors Inc raised its stake in FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 379 shares during the period. Finally, Principal Securities Inc. raised its stake in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Ronaldo Pereira acquired 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

FMC has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a report on Friday, February 14th. Wells Fargo & Company restated a "cautious" rating on shares of FMC in a research report on Thursday, March 6th. StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Barclays cut their target price on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, FMC presently has an average rating of "Hold" and an average price target of $50.31.

FMC Price Performance

NYSE FMC traded down $0.19 during trading hours on Tuesday, reaching $37.38. 1,326,011 shares of the stock traded hands, compared to its average volume of 2,035,820. The stock has a 50 day simple moving average of $38.81 and a two-hundred day simple moving average of $50.45. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

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 issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.21%. FMC's dividend payout ratio is currently 85.29%.

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.