NewEdge Advisors LLC Boosts Holdings in FMC Co. (NYSE:FMC)

NewEdge Advisors LLC raised its holdings in FMC Co. (NYSE:FMC) by 70.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,848 shares of the basic materials company’s stock after purchasing an additional 13,626 shares during the period. NewEdge Advisors LLC’s holdings in FMC were worth $1,890,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northeast Financial Consultants Inc lifted its stake in FMC by 64.1% in the 2nd quarter. Northeast Financial Consultants Inc now owns 128,000 shares of the basic materials company’s stock valued at $7,366,000 after buying an additional 50,000 shares in the last quarter. Creative Planning raised its holdings in shares of FMC by 8.1% in the second quarter. Creative Planning now owns 29,699 shares of the basic materials company’s stock worth $1,709,000 after acquiring an additional 2,233 shares during the last quarter. Algert Global LLC purchased a new stake in shares of FMC in the second quarter valued at $1,548,000. Lighthouse Investment Partners LLC acquired a new stake in shares of FMC during the second quarter valued at $1,418,000. Finally, Mackenzie Financial Corp increased its position in FMC by 37.4% during the 2nd quarter. Mackenzie Financial Corp now owns 21,764 shares of the basic materials company’s stock worth $1,253,000 after purchasing an additional 5,924 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Down 0.0 %

FMC opened at $63.98 on Friday. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The firm has a 50 day moving average price of $62.97 and a 200 day moving average price of $60.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The company has a market cap of $7.99 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that FMC Co. will post 3.41 earnings per share for the current year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Upgrades and Downgrades

FMC has been the topic of several analyst reports. Barclays raised their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. KeyCorp decreased their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $68.47.

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.