Oregon Public Employees Retirement Fund Buys 17,896 Shares of FMC Corporation (NYSE:FMC)

Oregon Public Employees Retirement Fund boosted its position in FMC Corporation (NYSE:FMC - Free Report) by 167.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,600 shares of the basic materials company's stock after purchasing an additional 17,896 shares during the period. Oregon Public Employees Retirement Fund's holdings in FMC were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC during the 4th quarter valued at $37,000. Golden State Wealth Management LLC lifted its position in shares of FMC by 66.6% during 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 acquired a new stake in shares of FMC during the 1st quarter valued at $55,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in shares of FMC during the 4th quarter valued at $62,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FMC shares. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. The Goldman Sachs Group started coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. UBS Group increased their price objective on FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, FMC presently has a consensus rating of "Hold" and a consensus target price of $50.15.

FMC Price Performance

Shares of NYSE FMC traded down $0.25 during mid-day trading on Friday, hitting $44.20. 831,237 shares of the stock were exchanged, compared to its average volume of 2,028,781. The company has a market cap of $5.52 billion, a P/E ratio of 16.87, a PEG ratio of 1.33 and a beta of 0.77. The stock's fifty day simple moving average is $40.63 and its two-hundred day simple moving average is $42.54. 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 twelve month low of $32.83 and a twelve month high of $68.55.

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

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.25%. FMC's dividend payout ratio is 88.55%.

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.