M&T Bank Corp Purchases 14,778 Shares of FMC Corporation (NYSE:FMC)

M&T Bank Corp raised its position in FMC Corporation (NYSE:FMC - Free Report) by 80.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,202 shares of the basic materials company's stock after purchasing an additional 14,778 shares during the quarter. M&T Bank Corp's holdings in FMC were worth $1,401,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New South Capital Management Inc. raised its position in FMC by 9.7% in the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock valued at $23,037,000 after purchasing an additional 48,431 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FMC by 608.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock worth $4,294,000 after acquiring an additional 87,368 shares during the last quarter. Amalgamated Bank raised its position in shares of FMC by 56.1% during the first quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company's stock worth $1,591,000 after acquiring an additional 13,556 shares during the last quarter. GAMMA Investing LLC raised its position in shares of FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock worth $179,000 after acquiring an additional 2,269 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of FMC during the fourth quarter worth about $5,573,000. 91.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research report on Friday, April 25th. Barclays raised their price objective on FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. UBS Group raised their price objective on FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada raised their target price on FMC from $40.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 10th. Finally, KeyCorp raised their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.15.

FMC Stock Down 0.0%

FMC stock traded down $0.02 during mid-day trading on Thursday, reaching $42.29. The stock had a trading volume of 1,428,227 shares, compared to its average volume of 2,036,172. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.54. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $68.55. The stock's 50-day simple moving average is $41.41 and its 200-day simple moving average is $42.18. The firm has a market capitalization of $5.28 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77.

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. FMC had a return on equity of 9.12% and a net margin of 7.97%. The firm had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company's revenue for the quarter was down 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given 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 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.