FMC Corporation (NYSE:FMC) Shares Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its stake in FMC Corporation (NYSE:FMC) by 28.9% in the 1st quarter, Holdings Channel reports. The firm owned 16,465 shares of the basic materials company’s stock after purchasing an additional 3,696 shares during the period. Neuberger Berman Group LLC’s holdings in FMC were worth $695,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FMC. Charles Schwab Investment Management Inc. increased its holdings in FMC by 286.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company’s stock valued at $189,618,000 after purchasing an additional 3,329,974 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in FMC by 44.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock valued at $111,131,000 after purchasing an additional 707,727 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in FMC by 74.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company’s stock valued at $66,895,000 after purchasing an additional 675,207 shares during the last quarter. Principal Financial Group Inc. increased its holdings in FMC by 327.3% in the 1st quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company’s stock valued at $26,476,000 after purchasing an additional 480,691 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in FMC by 762.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company’s stock valued at $23,529,000 after purchasing an additional 427,915 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FMC. KeyCorp lifted their target price on shares of FMC from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada dropped their price target on shares of FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Mizuho upgraded shares of FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Friday, April 25th. Wells Fargo & Company upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. Finally, Barclays dropped their price target on shares of FMC from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.58.

FMC Price Performance

FMC stock opened at $37.42 on Friday. The stock has a market cap of $4.67 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a fifty day simple moving average of $41.35 and a 200-day simple moving average of $40.31. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. Equities analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.2%. FMC’s payout ratio is 290.00%.

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.