5,192 Shares in FMC Co. (NYSE:FMC) Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. bought a new position in FMC Co. (NYSE:FMC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,192 shares of the basic materials company’s stock, valued at approximately $299,000.

Several other institutional investors also recently bought and sold shares of FMC. Riverview Trust Co purchased a new stake in shares of FMC in the first quarter valued at $27,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 303 shares during the last quarter. LRI Investments LLC acquired a new position in shares of FMC during the 1st quarter valued at about $39,000. UMB Bank n.a. lifted its holdings in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of FMC by 827.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 612 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Trading Down 3.4 %

FMC opened at $62.04 on Friday. The firm has a market capitalization of $7.74 billion, a P/E ratio of 6.92, a P/E/G ratio of 1.52 and a beta of 0.85. The firm’s 50 day moving average is $61.83 and its 200-day moving average is $60.69. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. FMC Co. has a 52-week low of $49.49 and a 52-week high of $71.01.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts expect that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

FMC has been the subject of several research analyst reports. Barclays upped their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Wells Fargo & Company dropped their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.63.

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.