Toronto Dominion Bank Raises Stock Position in FMC Co. (NYSE:FMC)

Toronto Dominion Bank grew its holdings in FMC Co. (NYSE:FMC) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,839 shares of the basic materials company’s stock after purchasing an additional 11,535 shares during the quarter. Toronto Dominion Bank’s holdings in FMC were worth $2,811,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in FMC in the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. increased its position in shares of FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 303 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of FMC in the 1st quarter valued at $39,000. UMB Bank n.a. lifted its position in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of FMC during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the subject of several recent analyst reports. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Wells Fargo & Company reduced their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. KeyCorp lowered their target price 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. Finally, BMO Capital Markets upped their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.47.

FMC Stock Performance

Shares of FMC stock opened at $66.08 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The stock has a market cap of $8.25 billion, a PE ratio of 7.38, a P/E/G ratio of 1.57 and a beta of 0.85. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The stock has a fifty day moving average price of $62.37 and a 200 day moving average price of $60.71.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $0.50 EPS. FMC’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that FMC Co. will post 3.41 earnings per share for the current fiscal year.

FMC Dividend Announcement

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

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.