Federated Hermes Inc. lowered its holdings in FMC Corporation (NYSE:FMC - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 405,739 shares of the basic materials company's stock after selling 12,649 shares during the period. Federated Hermes Inc. owned about 0.32% of FMC worth $17,118,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Financial Harvest LLC bought a new position in FMC in the first quarter worth about $29,000. Resona Asset Management Co. Ltd. bought a new position in FMC in the fourth quarter worth about $37,000. Golden State Wealth Management LLC lifted its holdings in FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after acquiring an additional 402 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in FMC in the first quarter worth about $55,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in FMC in the fourth quarter worth about $62,000. Institutional investors own 91.86% of the company's stock.
FMC Price Performance
NYSE FMC opened at $39.07 on Friday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.33 and a beta of 0.77. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $68.55. The business's fifty day moving average is $42.10 and its two-hundred day moving average is $41.66. 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 posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.32% and a net margin of 2.42%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, research analysts forecast that FMC Corporation will post 3.48 earnings per share for the current fiscal year.
FMC Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's payout ratio is 290.00%.
Analyst Ratings Changes
FMC has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on shares of FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a report on Thursday, July 10th. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Friday, April 25th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Barclays upped their target price on FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $51.08.
Get Our Latest Stock Report on FMC
FMC Company Profile
(
Free Report)
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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