Financial Enhancement Group LLC Has $7.44 Million Stake in FMC Co. (NYSE:FMC)

Financial Enhancement Group LLC grew its holdings in FMC Co. (NYSE:FMCGet Rating) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,560 shares of the basic materials company’s stock after purchasing an additional 1,142 shares during the period. FMC comprises 1.4% of Financial Enhancement Group LLC’s portfolio, making the stock its 20th largest holding. Financial Enhancement Group LLC’s holdings in FMC were worth $7,442,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of FMC in the 4th quarter valued at approximately $265,158,000. BlackRock Inc. grew its stake in shares of FMC by 6.7% in the 1st quarter. BlackRock Inc. now owns 10,809,549 shares of the basic materials company’s stock valued at $1,422,214,000 after buying an additional 679,446 shares in the last quarter. Eaton Vance Management grew its stake in shares of FMC by 143.3% in the 4th quarter. Eaton Vance Management now owns 918,089 shares of the basic materials company’s stock valued at $100,718,000 after buying an additional 540,810 shares in the last quarter. Invesco Ltd. grew its stake in shares of FMC by 41.5% in the 1st quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock valued at $208,094,000 after buying an additional 463,542 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of FMC by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 8,913,651 shares of the basic materials company’s stock valued at $1,172,769,000 after buying an additional 436,423 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

FMC Stock Down 2.4 %

FMC opened at $110.34 on Wednesday. FMC Co. has a 1-year low of $87.42 and a 1-year high of $140.99. The company has a current ratio of 1.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.51 and a beta of 0.84. The business has a 50 day moving average of $108.36 and a 200-day moving average of $117.77.

FMC (NYSE:FMCGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. FMC had a return on equity of 30.64% and a net margin of 12.80%. During the same period in the previous year, the business earned $1.81 earnings per share. As a group, sell-side analysts anticipate that FMC Co. will post 7.45 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.92%. FMC’s payout ratio is 38.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Credit Suisse Group lowered their price target on FMC from $109.00 to $105.00 and set an “underperform” rating for the company in a research note on Wednesday, August 3rd. Bank of America raised FMC from an “underperform” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Tuesday, June 21st. They noted that the move was a valuation call. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 27th. Mizuho decreased their target price on FMC from $149.00 to $144.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Finally, UBS Group decreased their target price on FMC from $149.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.64.

About FMC

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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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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