Brookstone Capital Management Purchases 122,911 Shares of FMC Corporation (NYSE:FMC)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after purchasing an additional 379 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of FMC during the fourth quarter worth $1,505,000. Charles Schwab Investment Management Inc. boosted its stake in FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock worth $56,602,000 after buying an additional 28,059 shares during the last quarter. Arizona State Retirement System boosted its position in shares of FMC by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company's stock worth $1,761,000 after acquiring an additional 285 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of FMC in the 4th quarter valued at $5,573,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Price Performance

Shares of NYSE FMC traded up $0.15 during mid-day trading on Tuesday, reaching $43.34. 1,617,490 shares of the company traded hands, compared to its average volume of 2,027,421. The stock has a fifty day simple moving average of $40.70 and a 200-day simple moving average of $42.46. The firm has a market cap of $5.41 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77. 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 current ratio of 1.54 and a quick ratio of 1.12.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. FMC had a return on equity of 9.12% and a net margin of 7.97%. The firm's revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. Equities research analysts anticipate that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.35%. FMC's dividend payout ratio is 88.55%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FMC. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Friday, April 25th. UBS Group upped their price target on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective on the stock. KeyCorp upped their price target on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.