FMC Co. (NYSE:FMC) Shares Sold by Aristotle Capital Management LLC

Aristotle Capital Management LLC trimmed its position in shares of FMC Co. (NYSE:FMC - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,458 shares of the basic materials company's stock after selling 23,630 shares during the period. Aristotle Capital Management LLC owned approximately 0.21% of FMC worth $12,564,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FMC. Reinhart Partners LLC. lifted its stake in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock valued at $11,050,000 after purchasing an additional 39,230 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FMC by 2.5% during 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 buying an additional 28,059 shares in the last quarter. Brookstone Capital Management grew its stake in FMC by 9.4% during the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock worth $8,015,000 after buying an additional 14,197 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of FMC in the fourth quarter worth $5,573,000. Finally, Caprock Group LLC purchased a new position in shares of FMC in the 4th quarter valued at $208,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now owns 48,837 shares of the company's stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carol Anthony Davidson acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly 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. Company insiders own 0.67% of the company's stock.

FMC Stock Performance

Shares of FMC stock traded up $1.72 during trading on Thursday, hitting $36.70. 1,210,847 shares of the stock were exchanged, compared to its average volume of 2,042,227. The stock has a market cap of $4.58 billion, a PE ratio of 13.49, a P/E/G ratio of 1.90 and a beta of 0.80. The stock's fifty day moving average is $39.36 and its 200 day moving average is $47.77. FMC Co. has a 12 month low of $32.83 and a 12 month 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.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. FMC's revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. As a group, sell-side analysts anticipate that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is currently 88.55%.

Wall Street Analyst Weigh In

FMC has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Friday, April 25th. Citigroup increased their price target on shares of FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a report on Friday, February 14th. Finally, Morgan Stanley reduced their target price on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, FMC has an average rating of "Hold" and a consensus price target of $49.46.

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.