Financial Enhancement Group LLC raised its stake in FMC Co. (NYSE:FMC – Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,751 shares of the basic materials company’s stock after purchasing an additional 3,891 shares during the quarter. FMC comprises approximately 1.3% of Financial Enhancement Group LLC’s holdings, making the stock its 25th biggest holding. Financial Enhancement Group LLC’s holdings in FMC were worth $6,471,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Neo Ivy Capital Management boosted its position in shares of FMC by 533.3% in the fourth quarter. Neo Ivy Capital Management now owns 228 shares of the basic materials company’s stock worth $28,000 after buying an additional 192 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in FMC by 68.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock valued at $28,000 after buying an additional 93 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of FMC during the 1st quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new stake in shares of FMC during the first quarter worth $40,000. Finally, Trustcore Financial Services LLC lifted its holdings in FMC by 33.2% in the fourth quarter. Trustcore Financial Services LLC now owns 337 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.
FMC Stock Up 1.6 %
Shares of FMC opened at $75.02 on Wednesday. The business’s 50 day simple moving average is $90.41 and its 200-day simple moving average is $106.20. FMC Co. has a one year low of $73.00 and a one year high of $134.38. The company has a market capitalization of $9.36 billion, a P/E ratio of 15.28, a PEG ratio of 1.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.96.
FMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.32 annualized dividend and a yield of 3.09%. FMC’s dividend payout ratio is currently 47.25%.
Analyst Ratings Changes
FMC has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of FMC from $135.00 to $105.00 in a research note on Tuesday, July 11th. Credit Suisse Group upgraded FMC from an “underperform” rating to a “neutral” rating and set a $101.00 price objective for the company in a report on Friday, August 4th. StockNews.com initiated coverage on shares of FMC in a research report on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet downgraded FMC from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, Bank of America lowered their price target on FMC from $139.00 to $122.00 in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.29.
About FMC
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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