Stoneridge Investment Partners LLC Sells 1,024 Shares of FMC Co. (NYSE:FMC)

Stoneridge Investment Partners LLC decreased its holdings in shares of FMC Co. (NYSE:FMC) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,626 shares of the basic materials company’s stock after selling 1,024 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in FMC were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FMC. Commerce Bank lifted its holdings in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. boosted its position in shares of FMC by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 236 shares during the period. First Horizon Advisors Inc. grew its stake in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in FMC by 5.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 265 shares during the period. Finally, CX Institutional lifted its stake in FMC by 4.2% in the 3rd quarter. CX Institutional now owns 6,573 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Activity at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,491 shares of company stock worth $433,898 in the last three months. 0.85% of the stock is owned by insiders.

FMC Price Performance

Shares of NYSE:FMC opened at $34.51 on Friday. The company’s fifty day moving average is $51.99 and its 200 day moving average is $58.38. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The stock has a market cap of $4.31 billion, a PE ratio of 12.69, a PEG ratio of 1.75 and a beta of 0.84.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating 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%. Research analysts anticipate that FMC Co. will post 3.53 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is 85.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FMC shares. Bank of America restated an “underperform” rating and set a $48.00 price target (down from $61.00) on shares of FMC in a research report on Wednesday. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $78.00 to $47.00 in a research note on Wednesday. Morgan Stanley dropped their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com raised FMC from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Vertical Research raised shares of FMC to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.00.

About FMC

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.