1,841 Shares in FMC Co. (NYSE:FMC) Purchased by William B. Walkup & Associates Inc.

William B. Walkup & Associates Inc. purchased a new position in FMC Co. (NYSE:FMC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,841 shares of the basic materials company’s stock, valued at approximately $106,000.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in FMC by 70.9% during the 2nd quarter. NewEdge Advisors LLC now owns 32,848 shares of the basic materials company’s stock valued at $1,890,000 after acquiring an additional 13,626 shares in the last quarter. Northeast Financial Consultants Inc grew its stake in FMC by 64.1% during 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 acquiring an additional 50,000 shares in the last quarter. Creative Planning grew its stake in FMC by 8.1% during the 2nd quarter. Creative Planning now owns 29,699 shares of the basic materials company’s stock valued at $1,709,000 after acquiring an additional 2,233 shares in the last quarter. Algert Global LLC purchased a new position in FMC during the 2nd quarter valued at about $1,548,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of FMC in the 2nd quarter valued at approximately $1,418,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FMC shares. Wells Fargo & Company lowered their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. 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 research note on Friday, August 2nd. Barclays boosted 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, JPMorgan Chase & Co. boosted their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.47.

FMC Stock Up 0.2 %

NYSE:FMC opened at $66.08 on Monday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The stock’s 50 day moving average price is $62.37 and its two-hundred day moving average price is $60.71. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

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, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities research analysts expect that FMC Co. will post 3.41 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.32 annualized dividend and a yield of 3.51%. 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.