Greenleaf Trust Lowers Stock Position in FMC Corporation (NYSE:FMC)

Greenleaf Trust lowered its holdings in FMC Corporation (NYSE:FMC - Free Report) by 55.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the basic materials company's stock after selling 7,225 shares during the quarter. Greenleaf Trust's holdings in FMC were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after acquiring an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the 4th quarter worth $37,000. Golden State Wealth Management LLC grew its stake in shares of FMC by 66.6% in the 1st 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 in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of FMC in the 1st quarter worth $55,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of FMC in the 4th quarter worth $62,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analyst Weigh In

FMC has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of 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 note on Monday, June 23rd. Barclays increased their price target on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. KeyCorp boosted their target price on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group increased their target price on shares of FMC from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.54.

FMC Price Performance

FMC traded down $0.24 during trading on Friday, reaching $42.42. 1,240,918 shares of the company were exchanged, compared to its average volume of 2,038,021. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.28 and a beta of 0.77. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $68.55. The company's 50-day moving average is $40.91 and its two-hundred day moving average is $42.32.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio is currently 88.55%.

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.