FMC Corporation (NYSE:FMC) Stock Holdings Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in FMC Corporation by 74.2%, owning over 1.58 million shares worth approximately $66.9 million.
• FMC reported a quarterly earnings per share (EPS) of $0.69, exceeding estimates by $0.10 and showcasing a 1.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.58 per share, yielding approximately 6.2%, to be paid on October 16th to investors of record.

Russell Investments Group Ltd. grew its stake in FMC Corporation (NYSE:FMC - Free Report) by 74.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,585,564 shares of the basic materials company's stock after purchasing an additional 675,207 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.27% of FMC worth $66,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC increased its stake in FMC by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after buying an additional 286 shares during the period. Algert Global LLC grew its stake in shares of FMC by 0.5% in the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock worth $2,871,000 after acquiring an additional 300 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of FMC by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock worth $2,662,000 after acquiring an additional 350 shares during the period. Oak Thistle LLC raised its stake in shares of FMC by 5.5% in the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 398 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted 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 valued at $42,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FMC. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Royal Bank Of Canada reduced their price target on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Barclays cut their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday. UBS Group reduced their price objective 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, Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.58.

FMC Trading Up 0.3%

FMC stock traded up $0.12 on Friday, hitting $37.42. 1,254,952 shares of the company were exchanged, compared to its average volume of 1,927,429. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.75. FMC Corporation has a twelve month low of $32.83 and a twelve month high of $67.75. The business's fifty day moving average is $41.35 and its two-hundred day moving average is $40.20.

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 analysts' consensus estimates of $0.59 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, research analysts forecast that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is 290.00%.

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.