Ferguson Wellman Capital Management Inc. Sells 1,160 Shares of FMC Co. (NYSE:FMC)

Ferguson Wellman Capital Management Inc. decreased its position in shares of FMC Co. (NYSE:FMC) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,027 shares of the basic materials company’s stock after selling 1,160 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in FMC were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FMC. Wilmington Savings Fund Society FSB lifted its position in FMC by 60.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,409 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 529 shares during the period. Empowered Funds LLC raised its stake in FMC by 103.0% during the fourth quarter. Empowered Funds LLC now owns 38,560 shares of the basic materials company’s stock worth $1,874,000 after acquiring an additional 19,562 shares in the last quarter. Van ECK Associates Corp raised its stake in FMC by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after acquiring an additional 46,137 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in FMC by 21.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 607 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in FMC by 87.4% during the fourth quarter. Vontobel Holding Ltd. now owns 12,368 shares of the basic materials company’s stock worth $601,000 after acquiring an additional 5,767 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the subject of several research analyst reports. Wall Street Zen raised FMC from a “sell” rating to a “hold” rating in a research note on Saturday. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Friday, February 14th. Mizuho raised FMC from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Friday, April 25th. KeyCorp boosted their target price on FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, UBS Group boosted their target price on FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus price target of $49.46.

FMC Stock Performance

FMC stock opened at $41.44 on Friday. The business has a 50 day moving average of $39.21 and a 200-day moving average of $44.06. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.55. 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 has a market capitalization of $5.18 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.90 and a beta of 0.76.

FMC (NYSE:FMC) last released 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 company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Monday, June 30th. FMC’s dividend payout ratio is presently 88.55%.

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.