FMC Corporation (NYSE:FMC) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its holdings in FMC Corporation (NYSE:FMC) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,568 shares of the basic materials company’s stock after selling 1,423 shares during the period. LPL Financial LLC owned about 0.07% of FMC worth $3,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FMC. Financial Harvest LLC purchased a new position in shares of FMC during the first quarter worth about $29,000. Golden State Wealth Management LLC boosted its stake in shares of FMC by 66.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 402 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of FMC during the 4th quarter worth approximately $62,000. Central Pacific Bank Trust Division purchased a new stake in shares of FMC during the 1st quarter worth approximately $55,000. Finally, Mufg Securities Americas Inc. acquired a new position in shares of FMC during the 4th quarter worth approximately $90,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays cut their price objective on FMC from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday. Wells Fargo & Company raised shares of FMC from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $41.00 to $50.00 in a research note on Monday, June 23rd. UBS Group lowered their price objective on shares of FMC from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wall Street Zen raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Royal Bank Of Canada decreased their price target on shares of FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.58.

FMC Trading Up 0.3%

FMC stock opened at $37.42 on Friday. The firm has a 50 day simple moving average of $41.35 and a 200-day simple moving average of $40.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The stock has a market capitalization of $4.67 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. As a group, equities research analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 30th. FMC’s dividend payout ratio (DPR) is presently 290.00%.

FMC Company 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.