Brookstone Capital Management Grows Stock Holdings in FMC Corporation (NYSE:FMC)

Brookstone Capital Management boosted its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 74.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 287,798 shares of the basic materials company's stock after purchasing an additional 122,911 shares during the period. Brookstone Capital Management owned 0.23% of FMC worth $12,142,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake 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 during the period. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the fourth quarter worth about $37,000. Golden State Wealth Management LLC boosted its holdings in 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 worth $42,000 after purchasing an additional 402 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after acquiring an additional 379 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in FMC in the 1st quarter valued at $55,000. 91.86% of the stock is currently owned by institutional investors.

FMC Price Performance

Shares of FMC traded down $0.73 during midday trading on Monday, hitting $43.50. 635,192 shares of the company traded hands, compared to its average volume of 2,023,342. 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 stock has a 50-day moving average of $40.63 and a 200-day moving average of $42.51. The firm has a market cap of $5.43 billion, a P/E ratio of 16.63, a PEG ratio of 1.33 and a beta of 0.77. FMC Corporation has a one year low of $32.83 and a one year high of $68.55.

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 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 company had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. During the same quarter in the previous year, the business posted $0.36 EPS. FMC's revenue was down 13.8% compared to the same quarter last year. As a group, sell-side analysts predict that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FMC. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group upped their price target on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. The Goldman Sachs Group initiated coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 target price on the stock. Finally, Barclays upped their price objective on FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, FMC presently has an average rating of "Hold" and an average price target of $50.23.

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.