Farmers & Merchants Trust Co of Chambersburg PA Cuts Stake in FMC Co. (NYSE:FMC)

Farmers & Merchants Trust Co of Chambersburg PA cut its position in FMC Co. (NYSE:FMC) by 39.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,305 shares of the basic materials company’s stock after selling 2,160 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in FMC were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Millburn Ridgefield Corp increased its position in shares of FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of FMC in the 4th quarter valued at approximately $29,000. Peterson Financial Group Inc. purchased a new stake in shares of FMC in the 3rd quarter valued at approximately $51,000. Finally, Brooklyn Investment Group purchased a new stake in shares of FMC in the 3rd quarter valued at approximately $52,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 0.2 %

Shares of NYSE:FMC opened at $36.72 on Friday. The stock has a market cap of $4.58 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.75 and a beta of 0.84. The firm has a fifty day moving average price of $50.19 and a 200 day moving average price of $57.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.09. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts predict that FMC Co. will post 3.53 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 6.32%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Transactions at FMC

In other news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were 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 owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of recent analyst reports. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. Citigroup increased their target price on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Bank of America reaffirmed an “underperform” rating and issued a $48.00 target price (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. KeyCorp dropped their target price on shares of FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Finally, Vertical Research raised shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.