Gabelli Funds LLC Has $4.17 Million Stake in FMC Co. (NYSE:FMC)

Gabelli Funds LLC lowered its stake in shares of FMC Co. (NYSE:FMCFree Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,200 shares of the basic materials company’s stock after selling 3,000 shares during the period. Gabelli Funds LLC owned approximately 0.05% of FMC worth $4,174,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new position in FMC in the 4th quarter valued at approximately $31,000. Quintet Private Bank Europe S.A. acquired a new position in shares of FMC in the third quarter valued at $33,000. Financial Connections Group Inc. acquired a new position in shares of FMC in the fourth quarter valued at $31,000. Spire Wealth Management lifted its position in FMC by 143.1% in the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 299 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in FMC by 50.0% during the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after buying an additional 228 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FMC shares. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Wolfe Research started coverage on shares of FMC in a research note on Friday, March 1st. They set a “peer perform” rating for the company. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Wells Fargo & Company raised their target price on FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Mizuho upped their price target on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.56.

View Our Latest Stock Analysis on FMC

FMC Stock Down 3.4 %

Shares of NYSE:FMC opened at $56.66 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.07 billion, a P/E ratio of 6.32, a P/E/G ratio of 1.16 and a beta of 0.88. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.45. The company’s 50-day moving average price is $60.96 and its two-hundred day moving average price is $59.02.

FMC (NYSE:FMCGet Free Report) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. FMC’s revenue was down 31.7% compared to the same quarter last year. As a group, research analysts forecast that FMC Co. will post 3.76 EPS for the current fiscal year.

FMC Announces Dividend

The business 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. The ex-dividend date is Friday, June 28th. This represents a $2.32 annualized dividend and a dividend yield of 4.09%. FMC’s payout ratio is currently 25.89%.

FMC Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Co. (NYSE:FMCFree Report).

Institutional Ownership by Quarter for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.