Amalgamated Bank Acquires 13,556 Shares of FMC Corporation (NYSE:FMC)

Amalgamated Bank raised its position in FMC Corporation (NYSE:FMC - Free Report) by 56.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 37,710 shares of the basic materials company's stock after acquiring an additional 13,556 shares during the period. Amalgamated Bank's holdings in FMC were worth $1,591,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after buying an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of FMC by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after acquiring an additional 321,241 shares during the last quarter. Invesco Ltd. raised its position in shares of FMC by 37.8% during the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock worth $173,008,000 after acquiring an additional 977,110 shares during the last quarter. Geode Capital Management LLC raised its position in shares of FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock worth $145,452,000 after acquiring an additional 54,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FMC by 44.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after purchasing an additional 707,727 shares in the last quarter. Institutional investors own 91.86% of the company's stock.

FMC Trading Down 2.3%

NYSE FMC opened at $43.20 on Tuesday. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $68.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.54. The stock has a 50 day simple moving average of $40.67 and a two-hundred day simple moving average of $42.46. The stock has a market cap of $5.40 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.12% and a net margin of 7.97%. The firm had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business's revenue was down 13.8% compared to the same quarter last year. On average, analysts forecast that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.

Analysts Set New Price Targets

FMC has been the subject of a number of research reports. Barclays raised their price objective on FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. The Goldman Sachs Group initiated coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 target price for the company. Finally, Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.23.

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.

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