Tweedy Browne Co LLC Has $159.70 Million Stake in FMC Co. (NYSE:FMC)

Tweedy Browne Co LLC lessened its holdings in shares of FMC Co. (NYSE:FMC) by 15.4% in the first quarter, HoldingsChannel.com reports. The fund owned 2,507,099 shares of the basic materials company’s stock after selling 454,758 shares during the period. FMC accounts for about 7.5% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 4th largest holding. Tweedy Browne Co LLC’s holdings in FMC were worth $159,702,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in FMC in the 1st quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in FMC in the 4th quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in FMC in the 4th quarter worth approximately $31,000. Benjamin F. Edwards & Company Inc. increased its stake in FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 303 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in FMC by 827.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 612 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.7 %

FMC stock traded up $0.42 during midday trading on Friday, hitting $57.12. The stock had a trading volume of 354,582 shares, compared to its average volume of 1,964,495. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.84. The business has a 50-day moving average of $59.34 and a two-hundred day moving average of $59.02. FMC Co. has a 52-week low of $49.49 and a 52-week high of $97.45. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 earnings per share. As a group, equities research analysts forecast that FMC Co. will post 3.6 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 4.06%. FMC’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of analyst reports. KeyCorp lifted their price target on FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Barclays initiated coverage on FMC in a research note on Wednesday, June 26th. They issued an “equal weight” rating and a $62.00 price target on the stock. Loop Capital lifted their price target on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. decreased their price target on FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.06.

FMC 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.