The Manufacturers Life Insurance Company Has $6.25 Million Holdings in FMC Co. (NYSE:FMC)

The Manufacturers Life Insurance Company increased its position in shares of FMC Co. (NYSE:FMC) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,569 shares of the basic materials company’s stock after buying an additional 3,613 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of FMC worth $6,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of FMC by 15.3% during the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in 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 during the period. AQR Capital Management LLC increased its position in FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 during the period. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of FMC in the first quarter valued at approximately $37,686,000. 91.86% of the stock is owned by institutional investors.

FMC Trading Down 0.0 %

FMC opened at $63.98 on Friday. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 1.57 and a beta of 0.85. 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 twelve month low of $49.49 and a twelve month high of $68.72. The company has a 50-day simple moving average of $63.06 and a 200 day simple moving average of $60.77.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion during 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 prior year, the firm posted $0.50 EPS. Analysts predict that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 3.63%. FMC’s dividend payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays raised their target price on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. BMO Capital Markets upped their price target on shares of FMC from $60.00 to $65.00 and gave the company 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 report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.47.

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.