Skylands Capital LLC lowered its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,150 shares of the basic materials company's stock after selling 9,625 shares during the quarter. FMC makes up 2.0% of Skylands Capital LLC's holdings, making the stock its 12th largest position. Skylands Capital LLC owned about 0.27% of FMC worth $13,971,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 511 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in FMC in the 4th quarter worth $37,000. Golden State Wealth Management LLC raised its position in FMC by 66.6% during the first 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 during the period. IFP Advisors Inc lifted its holdings in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 379 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in FMC during the first quarter valued at $55,000. Hedge funds and other institutional investors own 91.86% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Mizuho raised shares of 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. The Goldman Sachs Group initiated coverage on FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. KeyCorp increased their target price on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. Finally, UBS Group boosted their price target on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus price target of $50.15.
Check Out Our Latest Analysis on FMC
FMC Trading Down 2.7%
Shares of FMC stock traded down $1.14 during trading hours on Monday, hitting $41.77. The company's stock had a trading volume of 1,433,228 shares, compared to its average volume of 2,025,364. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.29 and a beta of 0.76. 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 twelve month low of $32.83 and a twelve month high of $68.55. The firm has a fifty day moving average of $40.26 and a 200-day moving average of $42.76.
FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. FMC had a net margin of 7.97% and a return on equity of 9.12%. The firm had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same quarter last year, the firm earned $0.36 EPS. The firm's revenue for the quarter was down 13.8% on a year-over-year basis. Research analysts forecast that FMC Corporation will post 3.48 EPS for the current year.
FMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Monday, June 30th. FMC's payout ratio is 88.55%.
About FMC
(
Free Report)
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.
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