Oakbrook Investments LLC grew its stake in shares of FMC Corp (NYSE:FMC) by 54.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,940 shares of the basic materials company’s stock after acquiring an additional 3,520 shares during the period. Oakbrook Investments LLC’s holdings in FMC were worth $887,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tredje AP fonden raised its stake in shares of FMC by 10.6% during the first quarter. Tredje AP fonden now owns 6,060 shares of the basic materials company’s stock valued at $465,000 after acquiring an additional 580 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of FMC by 9.4% during the first quarter. Moors & Cabot Inc. now owns 6,966 shares of the basic materials company’s stock valued at $533,000 after acquiring an additional 601 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of FMC by 27.4% during the first quarter. Cetera Advisor Networks LLC now owns 2,853 shares of the basic materials company’s stock valued at $219,000 after acquiring an additional 614 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of FMC by 8.6% during the first quarter. D.A. Davidson & CO. now owns 8,038 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 635 shares in the last quarter. Finally, Manning & Napier Group LLC raised its stake in shares of FMC by 2.6% during the second quarter. Manning & Napier Group LLC now owns 25,290 shares of the basic materials company’s stock valued at $2,255,000 after acquiring an additional 645 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on FMC shares. TheStreet raised shares of FMC from a “c” rating to a “b” rating in a research note on Wednesday, May 2nd. Credit Suisse Group set a $107.00 price objective on shares of FMC and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Goldman Sachs Group raised shares of FMC from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $98.70 to $98.00 in a research note on Monday, May 14th. Bank of America set a $100.00 price objective on shares of FMC and gave the stock a “buy” rating in a research note on Friday, May 4th. Finally, Loop Capital boosted their price objective on shares of FMC to $119.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $101.53.

Shares of FMC opened at $86.65 on Friday, Marketbeat.com reports. The company has a market capitalization of $11.66 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. FMC Corp has a 52 week low of $72.73 and a 52 week high of $98.70. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. FMC had a return on equity of 22.69% and a net margin of 26.54%. The business’s quarterly revenue was up 103.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. sell-side analysts predict that FMC Corp will post 6.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Friday, September 28th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s payout ratio is presently 24.35%.

In other news, insider Paul W. Graves sold 3,615 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $88.46, for a total transaction of $319,782.90. Following the transaction, the insider now directly owns 89,612 shares of the company’s stock, valued at $7,927,077.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Pierre R. Brondeau sold 72,992 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $87.19, for a total value of $6,364,172.48. Following the transaction, the chief executive officer now directly owns 407,487 shares in the company, valued at $35,528,791.53. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

Further Reading: Understanding Relative Strength Index

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

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.