Cwm LLC Boosts Holdings in FMC Corporation (NYSE:FMC)

CWM LLC grew its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 781.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 90,764 shares of the basic materials company's stock after purchasing an additional 80,463 shares during the quarter. CWM LLC owned 0.07% of FMC worth $3,829,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Speece Thorson Capital Group Inc. grew its holdings in shares of FMC by 1.2% in the 1st quarter. Speece Thorson Capital Group Inc. now owns 462,145 shares of the basic materials company's stock worth $19,498,000 after acquiring an additional 5,636 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of FMC by 777.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 58,800 shares of the basic materials company's stock worth $2,481,000 after acquiring an additional 52,100 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of FMC by 143.9% in the 1st quarter. Ballentine Partners LLC now owns 11,890 shares of the basic materials company's stock worth $502,000 after acquiring an additional 7,015 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in shares of FMC in the 1st quarter worth $270,000. Finally, Cerity Partners LLC grew its holdings in shares of FMC by 333.2% in the 1st quarter. Cerity Partners LLC now owns 92,667 shares of the basic materials company's stock worth $3,910,000 after acquiring an additional 71,276 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of research analyst reports. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Friday, April 25th. Barclays boosted their price target on FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. UBS Group boosted their price target on 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 boosted their price target on FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. One 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 stock. According to MarketBeat.com, FMC presently has an average rating of "Hold" and a consensus target price of $51.15.

FMC Stock Down 0.5%

Shares of NYSE FMC traded down $0.22 during trading on Friday, hitting $42.02. 1,312,514 shares of the company traded hands, compared to its average volume of 2,035,500. The business's fifty day moving average is $41.51 and its 200 day moving average is $42.09. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week 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 company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.54.

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

FMC Dividend Announcement

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