WealthPlan Investment Management LLC Has $2.27 Million Stock Holdings in FMC Co. (NYSE:FMC)

WealthPlan Investment Management LLC raised its holdings in FMC Co. (NYSE:FMC) by 43.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,442 shares of the basic materials company’s stock after buying an additional 10,434 shares during the quarter. WealthPlan Investment Management LLC’s holdings in FMC were worth $2,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. lifted its stake in FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of FMC in the 1st quarter valued at about $39,000. UMB Bank n.a. increased its stake in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares during the period. Sentry Investment Management LLC bought a new position in shares of FMC during the first quarter valued at about $45,000. Finally, EntryPoint Capital LLC raised its position in FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 795 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of research reports. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. Mizuho boosted their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.00.

FMC Stock Performance

NYSE FMC opened at $59.09 on Tuesday. The business has a 50 day simple moving average of $62.76 and a two-hundred day simple moving average of $61.09. FMC Co. has a 1-year low of $50.03 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 stock has a market capitalization of $7.38 billion, a PE ratio of 5.09, a P/E/G ratio of 1.57 and a beta of 0.85.

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

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.