Valley National Advisers Inc. Purchases 2,594 Shares of FMC Co. (NYSE:FMC)

Valley National Advisers Inc. grew its stake in shares of FMC Co. (NYSE:FMC) by 16.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,248 shares of the basic materials company’s stock after buying an additional 2,594 shares during the quarter. Valley National Advisers Inc.’s holdings in FMC were worth $1,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMC. Wellington Management Group LLP grew its stake in shares of FMC by 15.3% during the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock worth $791,137,000 after buying an additional 1,666,096 shares during the last quarter. Tweedy Browne Co LLC grew its stake in shares of FMC by 105.1% during the fourth quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after buying an additional 1,518,053 shares during the last quarter. Norges Bank bought a new stake in shares of FMC during the fourth quarter worth $83,227,000. Russell Investments Group Ltd. grew its stake in shares of FMC by 517.5% during the fourth quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company’s stock worth $51,032,000 after buying an additional 678,307 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of FMC during the fourth quarter worth $18,815,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.1 %

Shares of NYSE FMC traded up $0.04 during trading on Wednesday, hitting $55.66. 708,504 shares of the company traded hands, compared to its average volume of 2,005,010. The business’s fifty day moving average is $59.75 and its 200 day moving average is $59.23. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $104.92. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of 1.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46.

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

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s payout ratio is presently 25.89%.

Analysts Set New Price Targets

FMC has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their price target on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Mizuho lifted their price target on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Loop Capital lifted their price target on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.