FMC Corporation (NYSE:FMC) Stock Position Lifted by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its holdings in FMC Corporation (NYSE:FMC - Free Report) by 43.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 379,824 shares of the basic materials company's stock after buying an additional 114,893 shares during the quarter. FMC makes up 1.3% of Easterly Investment Partners LLC's portfolio, making the stock its 16th biggest position. Easterly Investment Partners LLC owned approximately 0.30% of FMC worth $16,025,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New South Capital Management Inc. lifted its position in shares of FMC by 9.7% in the 1st quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock worth $23,037,000 after buying an additional 48,431 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FMC by 608.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock worth $4,294,000 after buying an additional 87,368 shares during the last quarter. Amalgamated Bank lifted its position in FMC by 56.1% in the 1st quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company's stock valued at $1,591,000 after purchasing an additional 13,556 shares during the last quarter. GAMMA Investing LLC lifted its position in FMC by 114.8% in the 1st quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock valued at $179,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in FMC in the 4th quarter valued at about $5,573,000. 91.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FMC shares. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. KeyCorp boosted their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday. Mizuho upgraded 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. Barclays boosted their price target on shares of FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, UBS Group boosted their price target 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.15.

FMC Price Performance

Shares of NYSE FMC traded down $0.22 during midday trading on Friday, reaching $42.02. The company's stock had a trading volume of 1,312,514 shares, compared to its average volume of 2,033,289. The company has a 50 day moving average price of $41.41 and a 200 day moving average price of $42.18. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. 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 released its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. The firm's quarterly revenue was down 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, equities research analysts expect that FMC Corporation will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is currently 88.55%.

FMC Company 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.