FMC Co. (NYSE:FMC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its stake in shares of FMC Co. (NYSE:FMCFree Report) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,137 shares of the basic materials company’s stock after selling 9,898 shares during the period. Orion Portfolio Solutions LLC’s holdings in FMC were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in FMC by 17.7% during the third quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after purchasing an additional 1,634,535 shares in the last quarter. Boston Partners boosted its position in FMC by 2.2% during the fourth quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after purchasing an additional 53,408 shares in the last quarter. Northern Trust Corp boosted its position in FMC by 7.8% during the third quarter. Northern Trust Corp now owns 2,340,777 shares of the basic materials company’s stock worth $156,762,000 after purchasing an additional 169,224 shares in the last quarter. Invesco Ltd. boosted its position in FMC by 37.9% during the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after purchasing an additional 484,500 shares in the last quarter. Finally, Tweedy Browne Co LLC lifted its position in shares of FMC by 43.2% in the third quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock valued at $96,692,000 after acquiring an additional 435,404 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $56.65 on Wednesday. The business has a fifty day moving average of $61.16 and a two-hundred day moving average of $59.03. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88. FMC Co. has a 52-week low of $49.49 and a 52-week high of $111.95.

FMC (NYSE:FMCGet Free Report) last posted its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm’s quarterly revenue was down 31.7% compared to the same quarter last year. As a group, research analysts anticipate that FMC Co. will post 3.76 earnings per share for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.10%. FMC’s payout ratio is presently 25.89%.

Analyst Ratings Changes

Several research firms have recently weighed in on FMC. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. BNP Paribas downgraded FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Wednesday, February 7th. Loop Capital raised their target price on FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets decreased their target price on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada raised their target price on FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.56.

View Our Latest Research Report on FMC

FMC 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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