24,644 Shares in FMC Co. (NYSE:FMC) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new position in shares of FMC Co. (NYSE:FMC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,644 shares of the basic materials company’s stock, valued at approximately $1,418,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC grew its stake in FMC by 4.6% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 4,007 shares of the basic materials company’s stock valued at $255,000 after acquiring an additional 175 shares during the period. Taylor Frigon Capital Management LLC lifted its holdings in FMC by 1.5% during the first quarter. Taylor Frigon Capital Management LLC now owns 12,581 shares of the basic materials company’s stock valued at $801,000 after purchasing an additional 183 shares in the last quarter. Wahed Invest LLC grew its position in shares of FMC by 9.5% in the fourth quarter. Wahed Invest LLC now owns 2,131 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 184 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of FMC by 27.7% during the first 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 in the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of FMC by 3.1% during the 2nd 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 during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Up 0.2 %

Shares of FMC stock opened at $66.08 on Friday. FMC Co. has a 52-week low of $49.49 and a 52-week high of $68.72. The company has a 50 day moving average of $62.37 and a 200 day moving average of $60.75. 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 company has a market capitalization of $8.25 billion, a P/E ratio of 7.38, a P/E/G ratio of 1.57 and a beta of 0.85.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (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 net margin of 33.97% and a return on equity of 7.52%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. As a group, research analysts forecast that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders 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 dividend yield of 3.51%. FMC’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FMC shares. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Wells Fargo & Company lowered their price target 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. JPMorgan Chase & Co. increased their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets raised their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, KeyCorp dropped their target price 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, FMC has an average rating of “Hold” and a consensus target price 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.