Franklin Resources Inc. Trims Stock Holdings in FMC Co. (NYSE:FMC)

Franklin Resources Inc. lowered its holdings in FMC Co. (NYSE:FMCFree Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,416 shares of the basic materials company’s stock after selling 3,192 shares during the period. Franklin Resources Inc.’s holdings in FMC were worth $2,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FMC. Keybank National Association OH grew its position in shares of FMC by 4.3% in the third quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 208 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in FMC by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock valued at $3,779,000 after buying an additional 210 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of FMC by 50.0% during the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after buying an additional 228 shares during the period. Brown Advisory Inc. lifted its holdings in shares of FMC by 7.4% in the fourth quarter. Brown Advisory Inc. now owns 3,825 shares of the basic materials company’s stock worth $241,000 after buying an additional 263 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its holdings in shares of FMC by 2.5% in the fourth quarter. WealthPLAN Partners LLC now owns 11,917 shares of the basic materials company’s stock worth $751,000 after buying an additional 285 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FMC shares. Wolfe Research began coverage on shares of FMC in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho lifted their price objective on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. BNP Paribas lowered FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research note on Wednesday, February 7th. KeyCorp lifted their price target on FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada boosted their price objective on FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.56.

Read Our Latest Stock Report on FMC

FMC Stock Performance

NYSE FMC opened at $58.93 on Tuesday. The company has a 50-day simple moving average of $61.27 and a two-hundred day simple moving average of $59.01. FMC Co. has a 12-month low of $49.49 and a 12-month high of $111.95. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 1.21 and a beta of 0.88. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70.

FMC (NYSE:FMCGet Free Report) last released its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. FMC had a return on equity of 7.68% and a net margin of 27.65%. The company had revenue of $918.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.77 EPS. FMC’s revenue for the quarter was down 31.7% on a year-over-year basis. On average, equities analysts forecast that FMC Co. will post 3.76 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is 25.89%.

FMC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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