Brown Advisory Inc. cut its position in FMC Co. (NYSE:FMC – Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,316 shares of the basic materials company’s stock after selling 269 shares during the quarter. Brown Advisory Inc.’s holdings in FMC were worth $894,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in FMC during the fourth quarter worth $215,051,000. Morgan Stanley boosted its position in FMC by 80.7% during the fourth quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after purchasing an additional 1,142,531 shares during the period. Invesco Ltd. boosted its position in FMC by 41.5% during the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after purchasing an additional 463,542 shares during the period. Voya Investment Management LLC boosted its position in FMC by 711.7% during the fourth quarter. Voya Investment Management LLC now owns 501,491 shares of the basic materials company’s stock worth $62,586,000 after purchasing an additional 439,705 shares during the period. Finally, American Century Companies Inc. boosted its position in FMC by 26.8% during the fourth quarter. American Century Companies Inc. now owns 1,716,433 shares of the basic materials company’s stock worth $214,211,000 after purchasing an additional 363,184 shares during the period. 86.95% of the stock is owned by institutional investors.
FMC Stock Down 2.6 %
FMC stock opened at $87.49 on Wednesday. The company has a market cap of $10.91 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.45 and a beta of 0.80. The business has a 50-day simple moving average of $99.03 and a 200 day simple moving average of $112.41. FMC Co. has a 52 week low of $86.61 and a 52 week high of $134.38. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.
FMC Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 28th. FMC’s payout ratio is 47.25%.
Analyst Ratings Changes
A number of equities analysts have commented on FMC shares. Credit Suisse Group raised shares of FMC from an “underperform” rating to a “neutral” rating and set a $101.00 price objective for the company in a research report on Friday, August 4th. Wells Fargo & Company cut shares of FMC from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $142.00 to $102.00 in a research report on Monday, July 24th. Morgan Stanley reduced their target price on shares of FMC from $145.00 to $110.00 in a research report on Wednesday, July 12th. Loop Capital reduced their target price on shares of FMC from $148.00 to $118.00 in a research report on Tuesday, July 11th. Finally, BMO Capital Markets reduced their target price on shares of FMC from $145.00 to $120.00 in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.
Get Our Latest Research Report on FMC
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 include 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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