FMC Co. (NYSE:FMC) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in FMC Co. (NYSE:FMC) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,027 shares of the basic materials company’s stock after purchasing an additional 368 shares during the quarter. Diversified Trust Co’s holdings in FMC were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC raised its position in shares of FMC by 4.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock valued at $255,000 after buying an additional 175 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in FMC by 1.5% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock valued at $801,000 after acquiring an additional 183 shares during the last quarter. Wahed Invest LLC lifted its stake in FMC by 9.5% in the 4th quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 184 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of FMC by 27.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 188 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its position in shares of FMC by 3.1% in the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.5 %

Shares of NYSE:FMC opened at $60.67 on Friday. The firm has a market capitalization of $7.57 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The firm’s 50-day moving average is $63.15 and its two-hundred day moving average is $60.71.

FMC (NYSE:FMC) last announced its quarterly earnings data 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Analysts predict that FMC Co. will post 3.4 EPS for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.58 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 3.82%. FMC’s dividend payout ratio (DPR) is presently 20.96%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FMC shares. Wells Fargo & Company lowered their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. KeyCorp dropped 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. BMO Capital Markets raised their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. 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 report on Monday, August 12th. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, FMC currently has an average rating of “Hold” and an average 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.