State of Wisconsin Investment Board Buys 46,944 Shares of FMC Co. (NYSE:FMC)

State of Wisconsin Investment Board boosted its holdings in FMC Co. (NYSE:FMC) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,269 shares of the basic materials company’s stock after acquiring an additional 46,944 shares during the quarter. State of Wisconsin Investment Board’s holdings in FMC were worth $49,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its stake in FMC by 4.7% in the 1st quarter. BlackRock Inc. now owns 10,074,085 shares of the basic materials company’s stock worth $1,114,294,000 after acquiring an additional 452,341 shares during the last quarter. Boston Partners increased its stake in FMC by 4.4% in the 1st quarter. Boston Partners now owns 5,197,013 shares of the basic materials company’s stock worth $575,003,000 after acquiring an additional 218,461 shares during the last quarter. Ameriprise Financial Inc. increased its stake in FMC by 36.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,997,343 shares of the basic materials company’s stock worth $442,155,000 after acquiring an additional 1,067,138 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of FMC by 0.4% during the 1st quarter. King Luther Capital Management Corp now owns 2,852,531 shares of the basic materials company’s stock valued at $315,518,000 after purchasing an additional 11,433 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of FMC by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 2,146,038 shares of the basic materials company’s stock valued at $236,715,000 after purchasing an additional 50,108 shares during the last quarter. Institutional investors and hedge funds own 86.48% of the company’s stock.

Several equities analysts have recently commented on the company. Citigroup lowered FMC from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Thursday, May 6th. Vertical Research lowered FMC from a “buy” rating to a “hold” rating and set a $123.00 price objective on the stock. in a research report on Thursday, June 24th. Loop Capital lowered FMC from a “buy” rating to a “hold” rating and reduced their price objective for the company from $128.00 to $122.00 in a research report on Tuesday. KeyCorp increased their price objective on FMC from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, May 7th. Finally, Wells Fargo & Company increased their price objective on FMC from $131.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $128.07.

NYSE FMC opened at $105.26 on Thursday. FMC Co. has a fifty-two week low of $98.16 and a fifty-two week high of $123.66. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $113.20. The stock has a market cap of $13.57 billion, a PE ratio of 26.05, a P/E/G ratio of 1.31 and a beta of 0.99.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, May 5th. The basic materials company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.02. FMC had a return on equity of 26.00% and a net margin of 11.51%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Equities analysts forecast that FMC Co. will post 7.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 21st. Stockholders of record on Thursday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, September 29th. FMC’s payout ratio is presently 31.02%.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, precision agriculture, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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