IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.14 Million Stock Holdings in FMC Corporation (NYSE:FMC)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in FMC Corporation by 38.4%, holding approximately 0.06% of the company worth $3,143,000 after acquiring an additional 20,677 shares.
• FMC Corporation recently reported quarterly earnings of $0.69 per share, exceeding analysts' expectations by $0.10, with revenue of $1.05 billion, marking a 1.2% increase year-over-year.
• FMC announced a quarterly dividend of $0.58, with an annualized payout of $2.32, resulting in a dividend yield of 6.1%.

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in FMC Corporation (NYSE:FMC - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,485 shares of the basic materials company's stock after buying an additional 20,677 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.06% of FMC worth $3,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FMC. Financial Harvest LLC acquired a new stake in FMC during the 1st quarter worth approximately $29,000. Resona Asset Management Co. Ltd. purchased a new position in FMC in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC increased its position in FMC by 66.6% during the first 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in FMC during the first quarter worth $55,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in FMC in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of NYSE:FMC traded down $1.12 during midday trading on Wednesday, hitting $36.72. The company's stock had a trading volume of 2,044,055 shares, compared to its average volume of 1,793,027. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 1.17 and a beta of 0.75. The stock's 50 day simple moving average is $42.06 and its 200 day simple moving average is $41.25. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $67.75. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. As a group, research analysts anticipate that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

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 paid a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.3%. FMC's payout ratio is 290.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reduced their target price on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. KeyCorp upped their target price on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. UBS Group decreased their price target on FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, Morgan Stanley cut their price objective on FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One equities 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 company's stock. According to MarketBeat, FMC currently has an average rating of "Hold" and an average price target of $50.38.

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.