O Brien Greene & Co. Inc Makes New Investment in FMC Co. (NYSE:FMC)

O Brien Greene & Co. Inc bought a new position in FMC Co. (NYSE:FMC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,047 shares of the basic materials company’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Norden Group LLC purchased a new stake in FMC in the 1st quarter valued at approximately $4,700,000. Leeward Investments LLC MA grew its holdings in FMC by 62.8% during the first quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock worth $12,304,000 after acquiring an additional 74,529 shares during the period. S&CO Inc. lifted its holdings in FMC by 6.7% in the fourth quarter. S&CO Inc. now owns 235,126 shares of the basic materials company’s stock valued at $14,824,000 after acquiring an additional 14,710 shares during the period. Invenomic Capital Management LP acquired a new stake in FMC in the fourth quarter valued at $18,815,000. Finally, SG Americas Securities LLC grew its stake in shares of FMC by 396.9% during the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock worth $4,476,000 after purchasing an additional 56,128 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the subject of several recent analyst reports. 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 note on Tuesday, July 16th. BMO Capital Markets lifted 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. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Barclays upped their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.63.

FMC Trading Up 0.0 %

Shares of FMC opened at $63.37 on Wednesday. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week 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. The stock has a fifty day moving average of $61.23 and a two-hundred day moving average of $60.57. The company has a market capitalization of $7.91 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $1.04 billion during 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 business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. As a group, analysts forecast that FMC Co. will post 3.41 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders 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 dividend yield of 3.66%. FMC’s dividend payout ratio (DPR) is 25.89%.

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.