Reinhart Partners LLC. Sells 12,285 Shares of FMC Co. (NYSE:FMC)

Reinhart Partners LLC. reduced its position in shares of FMC Co. (NYSE:FMC) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 215,043 shares of the basic materials company’s stock after selling 12,285 shares during the period. Reinhart Partners LLC.’s holdings in FMC were worth $9,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of FMC in the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the 4th quarter valued at about $37,000. IFP Advisors Inc raised its holdings in shares of FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 379 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Trading Up 2.1%

FMC stock opened at $42.80 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The stock has a market cap of $5.35 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The stock has a 50-day moving average of $38.59 and a two-hundred day moving average of $44.60. FMC Co. has a one year low of $32.83 and a one year high of $68.55.

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

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.42%. FMC’s dividend payout ratio is currently 88.55%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FMC. UBS Group lifted their price objective on shares of FMC from $38.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. The Goldman Sachs Group assumed coverage on FMC in a report on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target on the stock. Wells Fargo & Company reduced their price target on FMC from $43.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. KeyCorp raised their price objective on FMC from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.46.

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.