D.A. Davidson & CO. Purchases 20,554 Shares of FMC Corporation (NYSE:FMC)

D.A. Davidson & CO. grew its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 143.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 34,878 shares of the basic materials company's stock after acquiring an additional 20,554 shares during the quarter. D.A. Davidson & CO.'s holdings in FMC were worth $1,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after buying an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of FMC in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC lifted its holdings in shares of FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 402 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in FMC in the first quarter worth about $55,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in FMC during the fourth quarter worth approximately $62,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Performance

Shares of NYSE:FMC opened at $43.20 on Tuesday. The firm's 50 day simple moving average is $40.67 and its 200-day simple moving average is $42.46. 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 Corporation has a one year low of $32.83 and a one year high of $68.55. The firm has a market cap of $5.40 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.12% and a net margin of 7.97%. FMC's quarterly revenue was down 13.8% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. As a group, equities analysts predict that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.37%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is 88.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. KeyCorp boosted their price objective 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. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Friday, April 25th. Finally, Barclays lifted their price target on shares of FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.

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