FMC Corp (FMC) Position Boosted by Boston Partners

Boston Partners boosted its stake in FMC Corp (NYSE:FMC) by 29.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,220,507 shares of the basic materials company’s stock after buying an additional 953,377 shares during the period. Boston Partners owned 3.14% of FMC worth $376,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fred Alger Management Inc. grew its position in FMC by 8,449.8% in the 2nd quarter. Fred Alger Management Inc. now owns 40,184 shares of the basic materials company’s stock valued at $3,585,000 after buying an additional 39,714 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in FMC by 25.6% in the 2nd quarter. Osborne Partners Capital Management LLC now owns 42,791 shares of the basic materials company’s stock valued at $3,817,000 after buying an additional 8,711 shares in the last quarter. Chicago Equity Partners LLC bought a new position in FMC in the 1st quarter valued at about $225,000. Natixis Advisors L.P. boosted its position in shares of FMC by 283.6% during the 1st quarter. Natixis Advisors L.P. now owns 57,415 shares of the basic materials company’s stock valued at $4,396,000 after purchasing an additional 42,448 shares in the last quarter. Finally, Foresters Investment Management Company Inc. boosted its position in shares of FMC by 48.5% during the 1st quarter. Foresters Investment Management Company Inc. now owns 292,100 shares of the basic materials company’s stock valued at $22,366,000 after purchasing an additional 95,400 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

FMC stock opened at $90.24 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.96. FMC Corp has a one year low of $72.73 and a one year high of $98.70. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.91 and a beta of 1.60.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. FMC had a net margin of 23.96% and a return on equity of 27.12%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 92.2% on a year-over-year basis. sell-side analysts predict that FMC Corp will post 6.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s dividend payout ratio is presently 24.35%.

In other FMC news, insider Paul W. Graves sold 3,615 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $88.46, for a total transaction of $319,782.90. Following the completion of the sale, the insider now directly owns 89,612 shares of the company’s stock, valued at $7,927,077.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

FMC has been the subject of several research reports. Credit Suisse Group raised their price objective on shares of FMC from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Goldman Sachs Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $98.70 to $98.00 in a research report on Monday, May 14th. Zacks Investment Research lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Bank of America set a $100.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, Nomura raised their price objective on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $101.93.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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