Skylands Capital LLC Trims Position in FMC Co. (NYSE:FMC)

Skylands Capital LLC decreased its position in FMC Co. (NYSE:FMC - Free Report) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,575 shares of the basic materials company's stock after selling 77,145 shares during the quarter. FMC comprises approximately 1.7% of Skylands Capital LLC's investment portfolio, making the stock its 13th biggest position. Skylands Capital LLC owned about 0.15% of FMC worth $11,511,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in FMC by 517.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company's stock worth $51,032,000 after acquiring an additional 678,307 shares during the period. State of New Jersey Common Pension Fund D increased its stake in FMC by 3.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 72,063 shares of the basic materials company's stock worth $4,544,000 after acquiring an additional 2,647 shares during the period. Atria Wealth Solutions Inc. increased its stake in FMC by 12.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,515 shares of the basic materials company's stock worth $414,000 after acquiring an additional 744 shares during the period. South Dakota Investment Council increased its stake in FMC by 171.3% during the 4th quarter. South Dakota Investment Council now owns 9,977 shares of the basic materials company's stock worth $629,000 after acquiring an additional 6,300 shares during the period. Finally, Harbor Advisors LLC bought a new position in FMC during the 4th quarter worth $378,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of research analyst reports. Roth Mkm initiated coverage on FMC in a report on Thursday, January 4th. They issued a "buy" rating and a $74.00 target price on the stock. Mizuho reduced their target price on FMC from $59.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, February 6th. UBS Group raised FMC from a "neutral" rating to a "buy" rating and raised their target price for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Bank of America downgraded FMC from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. Finally, KeyCorp raised their price objective on FMC from $76.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $71.75.

FMC Trading Up 3.0 %

Shares of FMC stock traded up $1.75 during mid-day trading on Monday, hitting $60.21. The company's stock had a trading volume of 1,641,725 shares, compared to its average volume of 1,942,277. The company's fifty day simple moving average is $59.61 and its 200-day simple moving average is $57.97. FMC Co. has a 52 week low of $49.49 and a 52 week high of $124.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The company has a market cap of $7.52 billion, a PE ratio of 5.72, a P/E/G ratio of 1.88 and a beta of 0.87.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $2.37 earnings per share. As a group, equities research analysts expect that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Wednesday, March 27th. FMC's payout ratio is 22.03%.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares of the company's stock, valued at approximately $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

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.