O Brien Greene & Co. Inc Takes Position in FMC Co. (NYSE:FMC)

O Brien Greene & Co. Inc purchased a new stake in FMC Co. (NYSE:FMC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,047 shares of the basic materials company’s stock, valued at approximately $406,000.

Several other hedge funds also recently added to or reduced their stakes in FMC. Riverview Trust Co acquired a new position in shares of FMC during the first quarter worth $27,000. Benjamin F. Edwards & Company Inc. grew its stake in FMC by 114.3% during 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 in the last quarter. LRI Investments LLC purchased a new stake in FMC during the 1st quarter worth approximately $39,000. UMB Bank n.a. raised its position in shares of FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of FMC by 827.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock valued at $43,000 after buying an additional 612 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

Shares of FMC opened at $63.37 on Wednesday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. The stock’s fifty day moving average is $61.23 and its 200-day moving average is $60.57. FMC Co. has a one year low of $49.49 and a one year high of $75.89. 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 (NYSE:FMC) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that FMC Co. will post 3.41 EPS for the current year.

FMC Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Ratings Changes

FMC has been the topic of several recent analyst reports. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Barclays upped their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their price target on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.63.

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.