FMC Co. (NYSE:FMC) Shares Acquired by New South Capital Management Inc.

New South Capital Management Inc. increased its holdings in FMC Co. (NYSE:FMC) by 29.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656,145 shares of the basic materials company’s stock after acquiring an additional 148,583 shares during the quarter. FMC makes up about 1.7% of New South Capital Management Inc.’s holdings, making the stock its 23rd biggest position. New South Capital Management Inc.’s holdings in FMC were worth $37,761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after buying an additional 768,432 shares during the last quarter. Wellington Management Group LLP increased its position in FMC by 15.3% in the 4th quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after acquiring an additional 1,666,096 shares during the period. Price T Rowe Associates Inc. MD raised its stake in FMC by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after acquiring an additional 1,316,133 shares during the last quarter. Tweedy Browne Co LLC lifted its position in FMC by 105.1% during the 4th quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after acquiring an additional 1,518,053 shares during the period. Finally, Boston Partners grew its stake in shares of FMC by 2.2% in the 4th quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock valued at $153,030,000 after purchasing an additional 53,408 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Down 3.8 %

FMC opened at $60.28 on Friday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. FMC Co. has a one year low of $49.49 and a one year high of $81.50. The business’s fifty day moving average is $60.48 and its two-hundred day moving average is $60.12.

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

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, September 30th. FMC’s payout ratio is currently 25.89%.

Analysts Set New Price Targets

FMC has been the subject of several recent research reports. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. BMO Capital Markets raised 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. JPMorgan Chase & Co. boosted their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company reduced their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Finally, Barclays raised their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus target price of $68.63.

FMC 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.