Ferguson Wellman Capital Management Inc. Has $212,000 Position in FMC Co. (NYSE:FMC)

Ferguson Wellman Capital Management Inc. cut its position in shares of FMC Co. (NYSE:FMC) by 18.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,027 shares of the basic materials company’s stock after selling 1,160 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in FMC were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FMC. Wilmington Savings Fund Society FSB grew its holdings in shares of FMC by 60.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,409 shares of the basic materials company’s stock worth $68,000 after buying an additional 529 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of FMC by 103.0% during the fourth quarter. Empowered Funds LLC now owns 38,560 shares of the basic materials company’s stock worth $1,874,000 after buying an additional 19,562 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of FMC by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after buying an additional 46,137 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of FMC by 21.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company’s stock worth $167,000 after buying an additional 607 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of FMC by 87.4% during the fourth quarter. Vontobel Holding Ltd. now owns 12,368 shares of the basic materials company’s stock worth $601,000 after buying an additional 5,767 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp increased their price objective on FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. The Goldman Sachs Group assumed coverage on FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target for the company. Mizuho upgraded 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. Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company decreased their price target on FMC from $43.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.46.

FMC Stock Performance

FMC opened at $41.44 on Friday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.90 and a beta of 0.76. The business has a 50 day moving average of $39.21 and a 200-day moving average of $44.06. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55.

FMC (NYSE:FMC) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million during the quarter, compared to analysts’ expectations of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, equities research analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.60%. FMC’s payout ratio is currently 88.55%.

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.