Signaturefd LLC Has $212,000 Holdings in FMC Co. (NYSE:FMC)

Signaturefd LLC grew its holdings in FMC Co. (NYSE:FMC) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,688 shares of the basic materials company’s stock after buying an additional 293 shares during the period. Signaturefd LLC’s holdings in FMC were worth $212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FMC. Vanguard Group Inc. lifted its holdings in FMC by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after purchasing an additional 768,432 shares during the last quarter. Wellington Management Group LLP raised its position in shares of FMC by 15.3% in the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after purchasing an additional 1,666,096 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of FMC by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after buying an additional 1,316,133 shares during the last quarter. Tweedy Browne Co LLC boosted its holdings in shares of FMC by 105.1% during the 4th quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after buying an additional 1,518,053 shares during the period. Finally, Boston Partners grew its stake in FMC by 2.2% in the 4th quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock valued at $153,030,000 after buying an additional 53,408 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. KeyCorp cut their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Mizuho increased their target price on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.63.

FMC Stock Performance

NYSE:FMC opened at $64.58 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.06 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. FMC Co. has a twelve month low of $49.49 and a twelve month high of $88.83. The stock’s 50-day simple moving average is $59.92 and its 200 day simple moving average is $59.79.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. On average, analysts anticipate that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 3.59%. FMC’s dividend payout ratio (DPR) is presently 25.89%.

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.