Kennondale Capital Management LLC Purchases 28,557 Shares of FMC Corporation (NYSE:FMC)

Kennondale Capital Management LLC raised its position in FMC Corporation (NYSE:FMC - Free Report) by 1,074.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,216 shares of the basic materials company's stock after acquiring an additional 28,557 shares during the period. FMC comprises approximately 1.4% of Kennondale Capital Management LLC's holdings, making the stock its 27th largest holding. Kennondale Capital Management LLC's holdings in FMC were worth $1,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Harvest LLC acquired a new position in FMC in the 1st quarter valued at approximately $29,000. Resona Asset Management Co. Ltd. acquired a new position in FMC in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC raised its holdings in 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 valued at $42,000 after acquiring an additional 402 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in FMC in the 1st quarter valued at approximately $55,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in FMC in the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FMC. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. UBS Group increased their target price on FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada increased their target price on FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a report on Thursday, July 10th. KeyCorp increased their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $51.15.

FMC Price Performance

NYSE FMC traded down $1.62 during trading hours on Thursday, reaching $42.28. 942,154 shares of the company's stock were exchanged, compared to its average volume of 2,619,306. The stock has a market cap of $5.28 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. FMC Corporation has a one year low of $32.83 and a one year high of $68.55. The firm has a fifty day moving average of $41.69 and a 200-day moving average of $42.00. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

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

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. FMC's payout ratio is 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.