Boston Partners Reduces Stock Position in FMC Co. (NYSE:FMC)

Boston Partners trimmed its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 902,017 shares of the basic materials company's stock after selling 21,812 shares during the period. Boston Partners owned about 0.72% of FMC worth $43,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in FMC during the 4th quarter valued at about $29,000. Millburn Ridgefield Corp lifted its position in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 246 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after purchasing an additional 379 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

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FMC Stock Up 0.7 %

Shares of FMC stock traded up $0.28 during trading on Monday, hitting $41.79. The company's stock had a trading volume of 2,894,492 shares, compared to its average volume of 1,899,676. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The company has a market capitalization of $5.22 billion, a PE ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. The company has a fifty day simple moving average of $44.12 and a two-hundred day simple moving average of $53.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Equities research analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.55%. FMC's payout ratio is presently 85.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FMC shares. Wells Fargo & Company reissued a "cautious" rating on shares of FMC in a research report on Thursday, March 6th. Mizuho dropped their target price on shares of FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Morgan Stanley cut their target price on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Bank of America reaffirmed an "underperform" rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Finally, BMO Capital Markets cut their price objective on FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.15.

Insider Transactions at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares of the company's stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Anthony Davidson purchased 6,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is owned by insiders.

FMC Company 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.