FMC Co. (NYSE:FMC) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in FMC Co. (NYSE:FMC) by 42.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,424 shares of the basic materials company’s stock after acquiring an additional 6,110 shares during the period. Pacer Advisors Inc.’s holdings in FMC were worth $1,175,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norden Group LLC acquired a new stake in shares of FMC in the first quarter valued at approximately $4,700,000. Leeward Investments LLC MA grew its holdings in FMC by 62.8% in the 1st quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock valued at $12,304,000 after buying an additional 74,529 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of FMC in the 4th quarter worth $18,815,000. SG Americas Securities LLC raised its holdings in shares of FMC by 396.9% during the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock worth $4,476,000 after acquiring an additional 56,128 shares during the period. Finally, Royal London Asset Management Ltd. boosted 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 valued at $3,101,000 after acquiring an additional 1,082 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FMC shares. BMO Capital Markets lifted their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. 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. Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $68.47.

FMC Stock Up 0.2 %

Shares of NYSE FMC opened at $66.09 on Friday. The stock has a market cap of $8.25 billion, a P/E ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85. The business’s fifty day simple moving average is $62.37 and its 200-day simple moving average is $60.77. FMC Co. has a 12-month low of $49.49 and a 12-month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.50 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that FMC Co. will post 3.41 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio is presently 25.89%.

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 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.