FMC Corporation (NYSE:FMC) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 68.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,596 shares of the basic materials company's stock after purchasing an additional 24,150 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in FMC were worth $2,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMC. Vanguard Group Inc. grew its stake in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after purchasing an additional 180,766 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of FMC by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock valued at $212,714,000 after acquiring an additional 321,241 shares during the last quarter. Invesco Ltd. increased its stake in shares of FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock worth $173,008,000 after acquiring an additional 977,110 shares during the period. Geode Capital Management LLC lifted its position in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after purchasing an additional 54,017 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after purchasing an additional 707,727 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Down 3.7%

NYSE:FMC traded down $1.62 during trading hours on Thursday, hitting $42.28. The company's stock had a trading volume of 1,249,807 shares, compared to its average volume of 1,400,172. The stock has a market capitalization of $5.28 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.42 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. The stock has a fifty day moving average of $41.88 and a 200-day moving average of $41.97. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $68.55.

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

FMC Dividend Announcement

The firm 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 dividend of $0.58 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.49%. FMC's dividend payout ratio (DPR) is 88.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FMC shares. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Friday, April 25th. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. Barclays upped 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 lifted their target price on shares of FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. One 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. According to data from MarketBeat, FMC currently has an average rating of "Hold" and an average target price of $51.15.

About FMC

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.