D.A. Davidson & CO. raised its holdings in shares of FMC Co. (NYSE:FMC) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,038 shares of the basic materials company’s stock after acquiring an additional 635 shares during the quarter. D.A. Davidson & CO.’s holdings in FMC were worth $615,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FMC during the 4th quarter worth about $123,000. Assetmark Inc. boosted its position in shares of FMC by 212.2% during the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 1,012 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of FMC by 256.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 1,246 shares in the last quarter. Tiemann Investment Advisors LLC acquired a new position in shares of FMC during the 4th quarter worth about $202,000. Finally, Two Sigma Securities LLC acquired a new position in shares of FMC during the 4th quarter worth about $203,000. 88.15% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on FMC. Loop Capital reaffirmed a “positive” rating and set a $111.00 price objective (up from $108.00) on shares of FMC in a research report on Wednesday, February 14th. Credit Suisse Group set a $106.00 price objective on FMC and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. TheStreet raised FMC from a “c” rating to a “b” rating in a research report on Wednesday, May 2nd. Citigroup raised FMC from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, February 14th. Finally, Stephens raised FMC from an “equal weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a research report on Friday, May 4th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $99.72.
FMC opened at $92.40 on Friday, Marketbeat reports. FMC Co. has a twelve month low of $89.89 and a twelve month high of $91.18. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 1.10 and a beta of 1.62.
FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.21. FMC had a return on equity of 22.69% and a net margin of 26.54%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 103.2% on a year-over-year basis. research analysts forecast that FMC Co. will post 6.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 19th. Shareholders of record on Friday, June 29th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. FMC’s payout ratio is 24.35%.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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