FMC Co. (NYSE:FMC) Stock Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of FMC Co. (NYSE:FMCFree Report) by 10.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,216 shares of the basic materials company’s stock after purchasing an additional 1,163 shares during the period. Daiwa Securities Group Inc.’s holdings in FMC were worth $778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in FMC by 6.7% during the 1st quarter. Nordea Investment Management AB now owns 12,412 shares of the basic materials company’s stock worth $785,000 after buying an additional 777 shares during the period. Mendel Money Management lifted its position in shares of FMC by 204.9% in the 1st quarter. Mendel Money Management now owns 40,517 shares of the basic materials company’s stock valued at $2,581,000 after acquiring an additional 79,132 shares in the last quarter. BNP Paribas acquired a new position in FMC in the 1st quarter worth approximately $1,372,000. Tokio Marine Asset Management Co. Ltd. grew its position in FMC by 35.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,455 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Pullen Investment Management LLC acquired a new stake in FMC during the 1st quarter valued at $503,000. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Up 0.6 %

FMC stock opened at $54.85 on Thursday. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 1.16 and a beta of 0.84. The firm has a fifty day moving average price of $59.42 and a two-hundred day moving average price of $59.03. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $97.45. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02.

FMC (NYSE:FMCGet Free Report) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm’s revenue for the quarter was down 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 EPS. As a group, analysts forecast that FMC Co. will post 3.6 earnings per share for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday, June 28th. FMC’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FMC shares. JPMorgan Chase & Co. lowered their price target on FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Royal Bank of Canada increased their price target on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Wells Fargo & Company increased their target price on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Barclays initiated coverage on shares of FMC in a report on Wednesday, June 26th. They set an “equal weight” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.06.

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About FMC

(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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