Calton & Associates Inc. Sells 2,820 Shares of FMC Co. (NYSE:FMC)

Calton & Associates Inc. lowered its position in shares of FMC Co. (NYSE:FMC) by 43.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,630 shares of the basic materials company’s stock after selling 2,820 shares during the quarter. Calton & Associates Inc.’s holdings in FMC were worth $209,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after buying an additional 768,432 shares during the period. Wellington Management Group LLP grew its stake in FMC by 15.3% in the fourth quarter. Wellington Management Group LLP now owns 12,547,766 shares of the basic materials company’s stock valued at $791,137,000 after acquiring an additional 1,666,096 shares during the period. Price T Rowe Associates Inc. MD grew its stake in FMC by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after acquiring an additional 1,316,133 shares during the period. Tweedy Browne Co LLC increased its holdings in shares of FMC by 105.1% in the fourth quarter. Tweedy Browne Co LLC now owns 2,961,857 shares of the basic materials company’s stock worth $186,745,000 after acquiring an additional 1,518,053 shares in the last quarter. Finally, Boston Partners raised its position in shares of FMC by 2.2% during the fourth quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after purchasing an additional 53,408 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

NYSE:FMC traded up $0.82 during mid-day trading on Friday, reaching $63.20. The stock had a trading volume of 944,846 shares, compared to its average volume of 1,948,073. The stock has a 50-day simple moving average of $58.12 and a two-hundred day simple moving average of $59.10. The stock has a market capitalization of $7.89 billion, a PE ratio of 7.05, a P/E/G ratio of 1.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.02. FMC Co. has a 12 month low of $49.49 and a 12 month high of $90.33.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that FMC Co. will post 3.17 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 3.67%. FMC’s dividend payout ratio (DPR) is presently 25.89%.

Analysts Set New Price Targets

Several brokerages have commented on FMC. Barclays raised their target price on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Mizuho boosted their price objective on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Wells Fargo & Company dropped their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.63.

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.