FMC Corporation (NYSE:FMC) Shares Bought by Syntax Research Inc.

Key Points

• Syntax Research Inc. increased its holdings in FMC Corporation by 33.6% in the first quarter, acquiring an additional 10,101 shares, bringing their total to 40,201 shares worth approximately $1.7 million.
• Several institutional investors have also adjusted their positions in FMC, with overall institutional ownership now at 91.86% of the company's stock.
• FMC announced a quarterly dividend of $0.58 per share, representing a yield of 5.49%, with the ex-dividend date set for September 30th.

Syntax Research Inc. increased its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,201 shares of the basic materials company's stock after acquiring an additional 10,101 shares during the period. Syntax Research Inc.'s holdings in FMC were worth $1,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New South Capital Management Inc. grew its holdings in FMC by 9.7% during the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock worth $23,037,000 after acquiring an additional 48,431 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 period. Amalgamated Bank boosted its position in 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 purchasing an additional 13,556 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 purchasing an additional 2,269 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in FMC by 560.3% during the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock worth $632,000 after purchasing an additional 12,713 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

Analysts Set New Price Targets

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

FMC Trading Down 1.1%

NYSE FMC traded down $0.47 during trading hours on Tuesday, hitting $42.18. 350,721 shares of the company's stock were exchanged, compared to its average volume of 2,585,832. The business's 50 day moving average is $42.00 and its 200-day moving average is $41.75. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $68.55. The firm has a market capitalization of $5.27 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. 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 (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million during 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 firm's revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, analysts anticipate that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 5.50%. FMC's dividend payout ratio is presently 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.