Romano Brothers AND Company Acquires New Holdings in FMC Co. (NYSE:FMC)

Romano Brothers AND Company bought a new position in FMC Co. (NYSE:FMC) in the 3rd quarter, HoldingsChannel reports. The fund bought 3,040 shares of the basic materials company’s stock, valued at approximately $200,000.

Other large investors also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC boosted its position in shares of FMC by 4.6% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock worth $255,000 after buying an additional 175 shares during the period. Taylor Frigon Capital Management LLC grew its stake in shares of FMC by 1.5% in the first quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock worth $801,000 after purchasing an additional 183 shares in the last quarter. Dark Forest Capital Management LP grew its stake 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 worth $372,000 after purchasing an additional 192 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 208 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in shares of FMC by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Down 1.0 %

Shares of NYSE:FMC opened at $61.49 on Friday. The firm has a 50 day simple moving average of $63.34 and a 200 day simple moving average of $60.76. FMC Co. has a 52 week low of $49.49 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The company has a market cap of $7.68 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 1.53 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 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. FMC’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. As a group, research analysts expect that FMC Co. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Wells Fargo & Company lowered their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Barclays upped their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. KeyCorp lowered their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.00.

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.