Handelsbanken Fonder AB Has $1.69 Million Stock Holdings in FMC Co. (NYSE:FMC)

Handelsbanken Fonder AB lessened its holdings in FMC Co. (NYSE:FMC) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,700 shares of the basic materials company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in FMC were worth $1,687,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp raised its position in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. raised its position in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in FMC in the fourth quarter worth about $29,000. Peterson Financial Group Inc. acquired a new position in FMC in the third quarter worth about $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC in the third quarter worth about $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group lowered shares of FMC from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Bank of America reaffirmed an “underperform” rating and set a $48.00 price objective (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Morgan Stanley dropped their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, FMC has an average rating of “Hold” and a consensus price target of $52.23.

FMC Price Performance

FMC opened at $38.25 on Wednesday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The stock has a market capitalization of $4.77 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company’s 50 day simple moving average is $47.42 and its 200-day simple moving average is $56.40.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating 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 anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is 85.29%.

Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’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 transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by company insiders.

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.