Taylor Frigon Capital Management LLC Has $1.11 Million Holdings in FMC Co. (NYSE:FMC)

Taylor Frigon Capital Management LLC reduced its holdings in FMC Co. (NYSE:FMC) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,779 shares of the basic materials company’s stock after selling 270 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in FMC were worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Millburn Ridgefield Corp boosted its holdings 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 worth $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings 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 worth $34,000 after acquiring an additional 246 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of FMC in the 4th quarter worth approximately $29,000. Peterson Financial Group Inc. acquired a new position in FMC during the 3rd quarter worth $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC during the 3rd quarter worth $52,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on FMC. UBS Group downgraded FMC from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Barclays reduced their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. KeyCorp reduced their price objective on FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Mizuho reduced their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, FMC currently has an average rating of “Hold” and an average price target of $52.23.

FMC Stock Performance

FMC stock opened at $38.21 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72. The business’s fifty day moving average is $47.20 and its 200-day moving average is $56.28. The company has a market cap of $4.77 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84.

FMC (NYSE:FMC) last released its quarterly earnings data 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 net margin of 8.03% and a return on equity of 9.67%. Equities research analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

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

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

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.