S&CO Inc. Has $15.26 Million Stock Holdings in FMC Corporation (NYSE:FMC)

Key Points

• S&CO Inc. increased its stake in FMC Corporation by 10.6% during the first quarter, acquiring an additional 34,573 shares and now holding a total of 361,726 shares valued at approximately $15.3 million.
• Many large investors have significantly boosted their positions in FMC, with Balyasny Asset Management increasing their holdings by 762.4% in the fourth quarter.
• Equity analysts have generally upgraded FMC stocks, with KeyCorp raising its price target from $53.00 to $61.00 and classifying it as "overweight."

S&CO Inc. increased its holdings in FMC Corporation (NYSE:FMC - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,726 shares of the basic materials company's stock after buying an additional 34,573 shares during the quarter. FMC comprises 1.0% of S&CO Inc.'s portfolio, making the stock its 25th largest holding. S&CO Inc. owned about 0.29% of FMC worth $15,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Financial Harvest LLC bought a new position in FMC during the 1st quarter valued at $29,000. Resona Asset Management Co. Ltd. bought a new position in FMC during the 4th quarter valued at $37,000. Golden State Wealth Management LLC boosted its stake in FMC by 66.6% during 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 purchasing an additional 402 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in FMC during the 4th quarter valued at $62,000. Finally, Central Pacific Bank Trust Division bought a new position in FMC during the 1st quarter valued at $55,000. 91.86% of the stock is owned by institutional investors.

FMC Stock Down 2.6%

Shares of FMC traded down $1.01 during mid-day trading on Friday, reaching $38.03. The company's stock had a trading volume of 2,163,203 shares, compared to its average volume of 2,610,844. The business has a fifty day moving average of $42.10 and a 200 day moving average of $41.66. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 47.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.69.

FMC (NYSE:FMC - Get Free Report) last released its 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. FMC had a return on equity of 9.32% and a net margin of 2.42%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $995.15 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts forecast that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid 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 dividend yield of 6.1%. FMC's dividend payout ratio is 290.00%.

Analyst Upgrades and Downgrades

FMC has been the subject of a number of research reports. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays increased their price objective on FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. 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. Royal Bank Of Canada cut their price objective on FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research report on Friday. Finally, Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. 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 stock. According to data from MarketBeat, FMC has a consensus rating of "Hold" and an average target price of $50.38.

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.