FMC Co. (NYSE:FMC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of FMC Co. (NYSE:FMC) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,829 shares of the basic materials company’s stock after purchasing an additional 1,589 shares during the quarter. American Century Companies Inc.’s holdings in FMC were worth $2,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMC. Wellington Management Group LLP increased 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 buying an additional 1,666,096 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of FMC by 35.1% in the first 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 acquiring an additional 1,316,133 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after acquiring an additional 768,432 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in shares of FMC in the first quarter worth approximately $37,686,000. Finally, Pzena Investment Management LLC acquired a new stake in shares of FMC in the second quarter worth approximately $33,191,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. BMO Capital Markets upped their price target on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.47.

FMC Trading Up 0.2 %

Shares of NYSE:FMC opened at $66.08 on Friday. The company’s 50-day moving average price is $62.37 and its two-hundred day moving average price is $60.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. FMC Co. has a one year low of $49.49 and a one year high of $68.72. The stock has a market capitalization of $8.25 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm earned $0.50 EPS. FMC’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The company 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, September 30th. 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.