Rockland Trust Co. Has $773,000 Stock Position in FMC Co. (NYSE:FMC)

Rockland Trust Co. increased its position in FMC Co. (NYSE:FMC) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,717 shares of the basic materials company’s stock after buying an additional 916 shares during the period. Rockland Trust Co.’s holdings in FMC were worth $773,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC raised its holdings in FMC by 4.6% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock valued at $255,000 after acquiring an additional 175 shares during the period. Taylor Frigon Capital Management LLC raised its stake in shares of FMC by 1.5% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock valued at $801,000 after purchasing an additional 183 shares during the period. Wahed Invest LLC lifted its holdings in FMC by 9.5% during the 4th quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 184 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in FMC by 27.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 188 shares during the period. Finally, Dark Forest Capital Management LP grew its holdings in FMC by 3.1% during 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 buying an additional 192 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FMC has been the topic of a number of recent analyst reports. KeyCorp lowered their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company cut their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Redburn Atlantic upgraded 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 assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.47.

FMC Trading Down 0.0 %

Shares of NYSE:FMC traded down $0.03 on Friday, reaching $63.98. 469,372 shares of the company traded hands, compared to its average volume of 1,766,473. The business’s 50-day simple moving average is $63.06 and its 200 day simple moving average is $60.77. FMC Co. has a 52 week low of $49.49 and a 52 week 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 stock has a market capitalization of $7.99 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

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.