Teacher Retirement System of Texas Sells 15,827 Shares of FMC Corporation (NYSE:FMC)

Teacher Retirement System of Texas decreased its position in FMC Corporation (NYSE:FMC - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,257 shares of the basic materials company's stock after selling 15,827 shares during the quarter. Teacher Retirement System of Texas' holdings in FMC were worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock worth $743,338,000 after acquiring an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in FMC by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after purchasing an additional 321,241 shares in the last quarter. Invesco Ltd. increased its position in FMC by 37.8% during the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock worth $173,008,000 after buying an additional 977,110 shares during the last quarter. Geode Capital Management LLC raised its holdings in FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after buying an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after buying an additional 707,727 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Price Performance

FMC stock traded up $0.69 during midday trading on Wednesday, reaching $42.06. The company had a trading volume of 1,016,073 shares, compared to its average volume of 2,032,549. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.54 and a quick ratio of 1.12. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $68.55. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The stock has a 50 day moving average price of $41.15 and a 200-day moving average price of $42.22.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities research analysts expect that FMC Corporation will post 3.48 earnings per share 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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, June 30th. FMC's payout ratio is 88.55%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group boosted their target price on shares of FMC from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Friday, April 25th. Royal Bank Of Canada lifted their price objective 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, Barclays boosted 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, FMC presently has an average rating of "Hold" and an average target price of $51.15.

FMC Company Profile

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.