Farther Finance Advisors LLC Has $872,000 Stock Position in FMC Co. (NYSE:FMC)

Farther Finance Advisors LLC lifted its position in shares of FMC Co. (NYSE:FMC) by 76.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,397 shares of the basic materials company’s stock after purchasing an additional 6,647 shares during the quarter. Farther Finance Advisors LLC’s holdings in FMC were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Riverview Trust Co acquired a new stake in FMC during the first quarter worth $27,000. Benjamin F. Edwards & Company Inc. boosted its position in FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after buying an additional 303 shares during the last quarter. LRI Investments LLC bought a new stake in shares of FMC during the first quarter worth $39,000. UMB Bank n.a. boosted its holdings in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 612 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Wells Fargo & Company cut their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Mizuho increased their price target on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. BMO Capital Markets upped their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, KeyCorp reduced their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.63.

FMC Stock Performance

Shares of FMC stock opened at $64.58 on Tuesday. The firm has a market cap of $8.06 billion, a PE ratio of 7.21, a P/E/G ratio of 1.60 and a beta of 0.84. FMC Co. has a 12 month low of $49.49 and a 12 month high of $88.83. The company’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $59.88. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Equities research analysts expect that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

FMC Profile

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.