FMC Co. (NYSE:FMC) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in FMC Co. (NYSE:FMC) by 46.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,707 shares of the basic materials company’s stock after selling 3,204 shares during the quarter. Diversified Trust Co’s holdings in FMC were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. North Point Portfolio Managers Corp OH lifted its position in shares of FMC by 67.3% during the 4th quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company’s stock worth $7,473,000 after purchasing an additional 47,697 shares during the last quarter. S&CO Inc. lifted its position in shares of FMC by 6.7% during the 4th quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock worth $14,824,000 after purchasing an additional 14,710 shares during the last quarter. Raymond James & Associates lifted its position in shares of FMC by 0.5% during the 4th quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company’s stock worth $7,262,000 after purchasing an additional 610 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of FMC during the 4th quarter worth $18,815,000. Finally, Royal London Asset Management Ltd. lifted its position in shares of FMC by 2.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock worth $3,101,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Down 1.0 %

Shares of FMC stock opened at $55.12 on Friday. FMC Co. has a 52-week low of $49.49 and a 52-week high of $104.92. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The company’s 50-day simple moving average is $59.64 and its 200-day simple moving average is $59.18. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $1.77 earnings per share. The business’s revenue was down 31.7% compared to the same quarter last year. As a group, equities research analysts anticipate that FMC Co. will post 3.6 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.21%. FMC’s dividend payout ratio (DPR) is 25.89%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. reduced their price target on shares of FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and boosted their price target for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company boosted their price target on shares of FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.06.

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.