FMC Co. (NYSE:FMC) Shares Acquired by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc boosted its stake in FMC Co. (NYSE:FMC) by 64.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,000 shares of the basic materials company’s stock after purchasing an additional 50,000 shares during the period. Northeast Financial Consultants Inc owned approximately 0.10% of FMC worth $7,366,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FMC. Vanguard Group Inc. grew its stake in shares of FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after buying an additional 768,432 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of FMC by 15.3% during the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock worth $791,137,000 after purchasing an additional 1,666,096 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC grew its holdings in FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in FMC by 11.6% during the 1st quarter. Russell Investments Group Ltd. now owns 903,274 shares of the basic materials company’s stock worth $57,538,000 after buying an additional 93,892 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FMC. Barclays raised their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. KeyCorp reduced their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus target price of $68.47.

FMC Stock Up 0.2 %

Shares of FMC stock opened at $66.08 on Friday. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $62.37 and its 200-day simple moving average is $60.75.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Equities research analysts forecast that FMC Co. will post 3.41 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

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.