FMC Co. (NYSE:FMC) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,219 shares of the basic materials company's stock after selling 23,542 shares during the quarter. State of Tennessee Department of Treasury's holdings in FMC were worth $2,781,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FMC. Barclays PLC raised its position in shares of FMC by 17.3% in the third quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock valued at $20,465,000 after buying an additional 45,752 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of FMC in the third quarter valued at about $205,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FMC in the third quarter valued at about $58,000. Synovus Financial Corp raised its position in shares of FMC by 82.9% in the third quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company's stock valued at $3,290,000 after buying an additional 22,612 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its position in shares of FMC by 18.7% in 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 last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

FMC has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of FMC from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group started coverage on shares of FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. Wells Fargo & Company cut 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. Morgan Stanley cut their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Vertical Research upgraded shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $49.15.

FMC Trading Down 8.4 %

FMC stock traded down $3.52 during mid-day trading on Thursday, hitting $38.40. 4,021,197 shares of the company were exchanged, compared to its average volume of 2,054,111. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.80 billion, a P/E ratio of 14.12, a PEG ratio of 1.90 and a beta of 0.83. The business has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $48.67. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The firm had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business's quarterly revenue was down 13.8% compared to the same quarter last year. On average, equities research analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.04%. FMC's dividend payout ratio (DPR) is presently 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.