Cerity Partners LLC Increases Stock Position in FMC Corporation (NYSE:FMC)

Cerity Partners LLC boosted its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 333.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,667 shares of the basic materials company's stock after purchasing an additional 71,276 shares during the quarter. Cerity Partners LLC owned about 0.07% of FMC worth $3,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FMC. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of FMC in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC increased its holdings in shares of FMC by 66.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after buying an additional 402 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of FMC during the 4th quarter valued at approximately $62,000. Finally, Central Pacific Bank Trust Division acquired a new position in FMC in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

FMC has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group lifted their target price on shares of FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada upped their target price on shares of FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, July 10th. KeyCorp boosted their price objective on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research note on Friday, April 25th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.15.

FMC Stock Performance

Shares of FMC stock traded down $0.22 on Friday, reaching $42.02. The stock had a trading volume of 1,312,514 shares, compared to its average volume of 2,035,500. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $68.55. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.27 and a beta of 0.77. The firm's 50-day moving average is $41.51 and its two-hundred day moving average is $42.09. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.69.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $783.70 million. During the same period in the prior year, the firm posted $0.36 EPS. The company's revenue for the quarter was down 13.8% on a year-over-year basis. On average, research analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.58 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.52%. FMC's dividend payout ratio is currently 88.55%.

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.