Kennondale Capital Management LLC Invests $129,000 in FMC Co. (NYSE:FMC)

Kennondale Capital Management LLC acquired a new position in shares of FMC Co. (NYSE:FMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,659 shares of the basic materials company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FMC. Huntington National Bank boosted its stake in FMC by 56.1% in the third quarter. Huntington National Bank now owns 1,308 shares of the basic materials company’s stock worth $86,000 after buying an additional 470 shares in the last quarter. Metis Global Partners LLC boosted its stake in FMC by 15.5% in the third quarter. Metis Global Partners LLC now owns 12,430 shares of the basic materials company’s stock worth $820,000 after buying an additional 1,672 shares in the last quarter. CIBC Asset Management Inc boosted its stake in FMC by 8.1% in the third quarter. CIBC Asset Management Inc now owns 17,433 shares of the basic materials company’s stock worth $1,150,000 after buying an additional 1,310 shares in the last quarter. Natixis Advisors LLC boosted its stake in FMC by 21.3% in the third quarter. Natixis Advisors LLC now owns 79,217 shares of the basic materials company’s stock worth $5,224,000 after buying an additional 13,898 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in FMC by 16.0% in the third quarter. Mutual of America Capital Management LLC now owns 72,599 shares of the basic materials company’s stock worth $4,787,000 after buying an additional 10,014 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Ratings Changes

FMC has been the subject of several research reports. Mizuho cut their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Redburn Atlantic lowered 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. Barclays lowered their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, KeyCorp lowered their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.14.

FMC Price Performance

Shares of FMC stock opened at $42.71 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.33 billion, a PE ratio of 15.70, a P/E/G ratio of 1.90 and a beta of 0.93. The business has a 50 day moving average of $44.75 and a 200 day moving average of $54.03. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS 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%. As a group, equities research analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.43%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insiders Place Their Bets

In other news, insider Ronaldo Pereira bought 5,600 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

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.