Boston Partners Grows Stock Holdings in FMC Co. (NYSE:FMC)

Boston Partners increased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,428,010 shares of the basic materials company's stock after acquiring an additional 53,408 shares during the quarter. Boston Partners owned about 1.95% of FMC worth $153,030,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. North Point Portfolio Managers Corp OH increased its holdings in FMC by 67.3% in the fourth quarter. North Point Portfolio Managers Corp OH now owns 118,531 shares of the basic materials company's stock valued at $7,473,000 after purchasing an additional 47,697 shares during the last quarter. Raymond James & Associates increased its holdings in FMC by 0.5% in the fourth quarter. Raymond James & Associates now owns 115,182 shares of the basic materials company's stock valued at $7,262,000 after purchasing an additional 610 shares during the last quarter. Invesco Ltd. increased its holdings in FMC by 37.9% in the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company's stock valued at $118,166,000 after purchasing an additional 484,500 shares during the last quarter. Nordea Investment Management AB increased its holdings in FMC by 15.4% in the third quarter. Nordea Investment Management AB now owns 14,195 shares of the basic materials company's stock valued at $950,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Exencial Wealth Advisors LLC bought a new stake in FMC in the third quarter valued at about $664,000. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Stock Performance

Shares of NYSE FMC traded down $0.44 during midday trading on Tuesday, hitting $66.27. 1,193,868 shares of the company's stock were exchanged, compared to its average volume of 1,964,603. The company's 50 day moving average price is $61.56 and its 200 day moving average price is $58.06. The firm has a market capitalization of $8.27 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.95. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The firm's quarterly revenue was down 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. As a group, analysts predict that FMC Co. will post 3.82 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 3.50%. FMC's dividend payout ratio is presently 25.89%.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $59.22 per share, with a total value of $127,323.00. Following the acquisition, the chief financial officer now owns 50,088 shares of the company's stock, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

FMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on FMC from $53.00 to $50.00 and set a "neutral" rating for the company in a report on Monday. Bank of America lowered FMC from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. Wolfe Research initiated coverage on FMC in a research report on Friday, March 1st. They issued a "peer perform" rating on the stock. Royal Bank of Canada lifted their target price on FMC from $65.00 to $81.00 and gave the company an "outperform" rating in a research report on Friday. Finally, BMO Capital Markets dropped their target price on FMC from $63.00 to $61.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $70.56.

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.