Osborne Partners Capital Management LLC Has $8.30 Million Position in FMC Co. (NYSE:FMC)

Osborne Partners Capital Management LLC trimmed its position in FMC Co. (NYSE:FMC) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 125,879 shares of the basic materials company’s stock after selling 1,373 shares during the period. Osborne Partners Capital Management LLC’s holdings in FMC were worth $8,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in FMC in the 1st quarter valued at about $4,700,000. Leeward Investments LLC MA raised its holdings in FMC by 62.8% in the 1st quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock valued at $12,304,000 after acquiring an additional 74,529 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of FMC by 396.9% during the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock valued at $4,476,000 after acquiring an additional 56,128 shares during the period. Cetera Investment Advisers grew its holdings in shares of FMC by 483.8% during the 1st quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock worth $2,216,000 after purchasing an additional 28,823 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of FMC in the first quarter worth $1,994,000. Institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Citigroup assumed coverage on FMC in a research note on Wednesday. They issued a “neutral” rating and a $67.00 price objective on the stock. BMO Capital Markets raised their price target on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Barclays lifted their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, KeyCorp cut their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.00.

FMC Trading Up 0.8 %

FMC stock opened at $62.00 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. FMC Co. has a 12 month low of $49.49 and a 12 month high of $68.72. The business’s fifty day simple moving average is $63.32 and its two-hundred day simple moving average is $60.78.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts predict that FMC Co. will post 3.4 earnings per share for the current fiscal year.

About FMC

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.