WealthPLAN Partners LLC Purchases 5,657 Shares of FMC Co. (NYSE:FMC)

WealthPLAN Partners LLC increased its position in shares of FMC Co. (NYSE:FMC) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,904 shares of the basic materials company’s stock after buying an additional 5,657 shares during the period. WealthPLAN Partners LLC’s holdings in FMC were worth $1,779,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Riverview Trust Co bought a new stake in shares of FMC during the 1st quarter worth $27,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of FMC by 114.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after buying an additional 303 shares during the period. LRI Investments LLC bought a new stake in shares of FMC during the 1st quarter worth $41,000. UMB Bank n.a. boosted its holdings 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 buying an additional 246 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 worth $43,000 after buying an additional 612 shares during the period. 91.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FMC shares. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Wells Fargo & Company reduced their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, KeyCorp reduced their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.63.

FMC Trading Down 0.2 %

Shares of FMC stock opened at $63.36 on Tuesday. FMC Co. has a 12-month low of $49.49 and a 12-month high of $75.89. The stock has a market capitalization of $7.91 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $61.23 and a 200 day simple moving average of $60.57.

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

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders 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 dividend yield of 3.66%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio is presently 25.89%.

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.