Ballentine Partners LLC Boosts Stake in FMC Corporation (NYSE:FMC)

Ballentine Partners LLC raised its position in FMC Corporation (NYSE:FMC - Free Report) by 143.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,890 shares of the basic materials company's stock after buying an additional 7,015 shares during the period. Ballentine Partners LLC's holdings in FMC were worth $502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMC. EverSource Wealth Advisors LLC increased its stake in FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC increased its stake in FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock valued at $42,000 after buying an additional 402 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in FMC in the 1st quarter valued at about $55,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in FMC in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. UBS Group raised their price target on shares of FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada raised their price target on shares of FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 10th. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a research note on Friday, April 25th. Finally, KeyCorp raised their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $51.15.

FMC Stock Down 0.8%

FMC stock opened at $42.06 on Tuesday. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $68.55. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $42.27.

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

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.52%. FMC's dividend payout ratio (DPR) is currently 88.55%.

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.

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