Greenwood Capital Associates LLC Raises Stake in FMC Co. (NYSE:FMC)

Greenwood Capital Associates LLC lifted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 30.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,531 shares of the basic materials company's stock after purchasing an additional 7,055 shares during the quarter. Greenwood Capital Associates LLC's holdings in FMC were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in FMC in the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in FMC during the 4th quarter worth about $37,000. IFP Advisors Inc raised its holdings in FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 379 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock worth $48,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Mizuho upgraded 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 downgraded FMC from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. UBS Group raised their price objective on shares of FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price for the company. in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.46.

FMC Stock Performance

Shares of NYSE FMC traded down $1.81 during mid-day trading on Friday, hitting $41.49. 938,883 shares of the company were exchanged, compared to its average volume of 2,018,550. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The stock has a 50 day simple moving average of $39.06 and a 200-day simple moving average of $44.19. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.55.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The business had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same period last year, the firm earned $0.36 EPS. The company's quarterly revenue was down 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 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.