Teacher Retirement System of Texas boosted its position in shares of FMC Corp. (NYSE:FMC) by 31.1% during the second quarter, Holdings Channel reports. The firm owned 9,537 shares of the company’s stock after buying an additional 2,260 shares during the period. Teacher Retirement System of Texas’ holdings in FMC Corp. were worth $442,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in FMC Corp. by 681.6% in the first quarter. Franklin Resources Inc. now owns 3,373,587 shares of the company’s stock worth $136,192,000 after buying an additional 2,941,937 shares during the period. Emerald Acquisition Ltd. purchased a new stake in FMC Corp. during the second quarter worth approximately $89,113,000. Ameriprise Financial Inc. boosted its stake in FMC Corp. by 25.6% in the second quarter. Ameriprise Financial Inc. now owns 3,066,654 shares of the company’s stock worth $142,020,000 after buying an additional 624,250 shares during the period. Strs Ohio boosted its stake in FMC Corp. by 28,691.2% in the second quarter. Strs Ohio now owns 580,142 shares of the company’s stock worth $26,866,000 after buying an additional 578,127 shares during the period. Finally, Reinhart Partners Inc. purchased a new stake in FMC Corp. during the second quarter worth approximately $18,136,000. Institutional investors own 94.55% of the company’s stock.
Shares of FMC Corp. (NYSE:FMC) traded down 0.73% during trading on Friday, reaching $47.70. The company had a trading volume of 648,091 shares. The company’s market capitalization is $6.38 billion. FMC Corp. has a 52 week low of $32.24 and a 52 week high of $50.57. The stock’s 50-day moving average price is $47.44 and its 200-day moving average price is $46.13.
FMC Corp. (NYSE:FMC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The company earned $810.30 million during the quarter, compared to analyst estimates of $889.70 million. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. On average, equities analysts expect that FMC Corp. will post $2.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 1.38%. FMC Corp.’s dividend payout ratio (DPR) is -94.29%.
A number of analysts recently commented on FMC shares. Citigroup Inc. upped their price objective on FMC Corp. from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Jefferies Group reissued a “buy” rating and set a $58.00 price target on shares of FMC Corp. in a report on Thursday, September 29th. Nomura reissued a “hold” rating on shares of FMC Corp. in a report on Tuesday, July 12th. Susquehanna boosted their price target on FMC Corp. from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of FMC Corp. in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.07.
About FMC Corp.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.