Tributary Capital Management LLC Sells 300 Shares of FMC Co. (NYSE:FMC)

Tributary Capital Management LLC decreased its position in shares of FMC Co. (NYSE:FMC) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,575 shares of the basic materials company’s stock after selling 300 shares during the quarter. Tributary Capital Management LLC’s holdings in FMC were worth $222,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Commerce Bank lifted its holdings in shares of FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 183 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares in the last quarter. First Horizon Advisors Inc. increased its stake 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 valued at $34,000 after purchasing an additional 246 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of FMC by 5.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock worth $313,000 after buying an additional 265 shares in the last quarter. Finally, CX Institutional lifted its position in shares of FMC by 4.2% during the 3rd quarter. CX Institutional now owns 6,573 shares of the basic materials company’s stock worth $433,000 after buying an additional 266 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FMC shares. UBS Group decreased their target price on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Bank of America upgraded shares of FMC from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $63.00 to $61.00 in a research report on Tuesday, January 14th. Mizuho dropped their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, KeyCorp dropped their price target on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, FMC currently has an average rating of “Hold” and an average target price of $63.25.

FMC Stock Down 0.1 %

Shares of FMC opened at $55.59 on Friday. The company has a market capitalization of $6.94 billion, a PE ratio of 4.78, a PEG ratio of 1.15 and a beta of 0.83. The stock’s 50-day moving average price is $53.75 and its two-hundred day moving average price is $58.97. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a 12 month low of $47.71 and a 12 month high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that FMC Co. will post 3.34 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.17%. FMC’s payout ratio is 19.97%.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

FMC 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.