Brookstone Capital Management Has $8.02 Million Position in FMC Co. (NYSE:FMC)

Brookstone Capital Management grew its position in shares of FMC Co. (NYSE:FMC - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,887 shares of the basic materials company's stock after acquiring an additional 14,197 shares during the quarter. Brookstone Capital Management owned about 0.13% of FMC worth $8,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FMC. State Street Corp increased its position in shares of FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock worth $417,151,000 after acquiring an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FMC by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock worth $74,931,000 after purchasing an additional 20,350 shares in the last quarter. AQR Capital Management LLC lifted its holdings in FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after buying an additional 836,179 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FMC by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company's stock worth $41,543,000 after purchasing an additional 64,055 shares during the last quarter. Finally, New South Capital Management Inc. increased its holdings in FMC by 1.5% in the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company's stock valued at $43,915,000 after buying an additional 9,834 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Performance

FMC traded up $1.54 on Tuesday, hitting $53.58. The company had a trading volume of 1,896,989 shares, compared to its average volume of 1,611,999. FMC Co. has a 1-year low of $47.71 and a 1-year high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The company's fifty day moving average price is $54.51 and its 200 day moving average price is $59.10. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 4.61, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Tuesday, December 31st. FMC's dividend payout ratio (DPR) is currently 19.97%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FMC. UBS Group lowered their target price on shares of FMC from $75.00 to $66.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Bank of America raised FMC from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $63.00 to $61.00 in a research note on Tuesday. KeyCorp cut their target price on shares of FMC from $79.00 to $69.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Citigroup reduced their price objective on FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their target price on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Eleven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.25.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares of the company's stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.85% of the company's stock.

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.