Bank of New York Mellon Corp Has $61.98 Million Holdings in FMC Corporation (NYSE:FMC)

Bank of New York Mellon Corp lowered its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 29.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,469,019 shares of the basic materials company's stock after selling 619,216 shares during the period. Bank of New York Mellon Corp owned 1.18% of FMC worth $61,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of FMC by 217.4% in the fourth 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 in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC raised its position in shares of FMC by 66.6% in the first 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of FMC in the first quarter valued at approximately $55,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of FMC in the fourth quarter valued at approximately $62,000. Institutional investors own 91.86% of the company's stock.

Analyst Upgrades and Downgrades

FMC has been the subject of a number of analyst reports. KeyCorp lifted their price target on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Barclays lifted their price target on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Royal Bank Of Canada lifted their price target on shares of FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, UBS Group lifted their price target on shares of FMC from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, FMC has a consensus rating of "Hold" and an average target price of $50.54.

FMC Price Performance

FMC traded down $0.24 during trading on Friday, hitting $42.42. 1,240,918 shares of the stock traded hands, compared to its average volume of 2,034,152. FMC Corporation has a twelve month low of $32.83 and a twelve month high of $68.55. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.29 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.54 and a quick ratio of 1.12. The business has a 50 day moving average price of $40.91 and a 200 day moving average price of $42.37.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly 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. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. The company's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. Equities research analysts forecast that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.47%. FMC's dividend payout ratio (DPR) is presently 88.55%.

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.