Riverview Trust Co Acquires Shares of 431 FMC Co. (NYSE:FMC)

Riverview Trust Co acquired a new position in FMC Co. (NYSE:FMC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 431 shares of the basic materials company’s stock, valued at approximately $27,000.

Other large investors also recently made changes to their positions in the company. North Point Portfolio Managers Corp OH lifted its position in FMC by 67.3% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock worth $7,473,000 after buying an additional 47,697 shares in the last quarter. S&CO Inc. lifted its position in shares of FMC by 6.7% during the fourth quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock worth $14,824,000 after purchasing an additional 14,710 shares in the last quarter. Raymond James & Associates grew its stake in shares of FMC by 0.5% during the fourth quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock valued at $7,262,000 after purchasing an additional 610 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of FMC in the fourth quarter valued at approximately $18,815,000. Finally, Royal London Asset Management Ltd. raised its position in FMC by 2.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock worth $3,101,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Trading Down 1.1 %

FMC opened at $56.54 on Wednesday. The stock has a market capitalization of $7.06 billion, a P/E ratio of 6.31, a P/E/G ratio of 1.18 and a beta of 0.88. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. FMC Co. has a 12 month low of $49.49 and a 12 month high of $107.15. The firm’s fifty day simple moving average is $59.89 and its 200 day simple moving average is $59.28.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company’s quarterly revenue was down 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 earnings per share. As a group, research analysts anticipate that FMC Co. will post 3.6 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio is presently 25.89%.

Analysts Set New Price Targets

FMC has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Loop Capital boosted their price objective on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. KeyCorp raised their target price on shares of FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Royal Bank of Canada boosted their price target on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, Mizuho raised their price objective on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, FMC has a consensus rating of “Hold” and a consensus target price of $70.56.

FMC 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.