Robeco Institutional Asset Management B.V. Acquires 9,201 Shares of FMC Co. (NYSE:FMC)

Robeco Institutional Asset Management B.V. increased its holdings in FMC Co. (NYSE:FMCGet Rating) by 33.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,000 shares of the basic materials company’s stock after buying an additional 9,201 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in FMC were worth $3,913,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in FMC by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock worth $1,850,913,000 after buying an additional 258,552 shares in the last quarter. Northern Trust Corp increased its holdings in FMC by 3.0% in the 2nd quarter. Northern Trust Corp now owns 2,124,398 shares of the basic materials company’s stock worth $227,332,000 after buying an additional 61,796 shares in the last quarter. Manning & Napier Group LLC increased its holdings in FMC by 30.0% in the 3rd quarter. Manning & Napier Group LLC now owns 1,727,229 shares of the basic materials company’s stock worth $182,566,000 after buying an additional 398,785 shares in the last quarter. Invesco Ltd. increased its holdings in FMC by 41.5% in the 1st quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after buying an additional 463,542 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in FMC by 34.7% in the 1st quarter. Eaton Vance Management now owns 1,236,301 shares of the basic materials company’s stock worth $162,660,000 after buying an additional 318,212 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Credit Suisse Group boosted their price target on FMC from $105.00 to $112.00 and gave the company an “underperform” rating in a research note on Wednesday, November 2nd. StockNews.com upgraded FMC from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Royal Bank of Canada boosted their price target on FMC from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 4th. Wells Fargo & Company boosted their price target on FMC from $141.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Citigroup boosted their price target on FMC from $127.00 to $128.00 in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.73.

Insiders Place Their Bets

In other FMC news, insider Nicholas Pfeiffer sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $132.56, for a total value of $66,280.00. Following the completion of the transaction, the insider now directly owns 11,222 shares in the company, valued at approximately $1,487,588.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FMC news, insider Nicholas Pfeiffer sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $132.56, for a total value of $66,280.00. Following the completion of the transaction, the insider now directly owns 11,222 shares in the company, valued at approximately $1,487,588.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Finian Reilly sold 4,502 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $126.95, for a total value of $571,528.90. Following the sale, the executive vice president now directly owns 18,354 shares in the company, valued at $2,330,040.30. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

FMC Stock Up 2.2 %

FMC stock opened at $131.52 on Thursday. FMC Co. has a twelve month low of $98.24 and a twelve month high of $140.99. The company has a quick ratio of 0.93, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The stock has a market cap of $16.57 billion, a P/E ratio of 25.44, a PEG ratio of 1.51 and a beta of 0.84. The business’s 50-day moving average price is $126.73 and its 200-day moving average price is $115.69.

FMC (NYSE:FMCGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. FMC had a return on equity of 29.34% and a net margin of 11.72%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, equities research analysts forecast that FMC Co. will post 7.38 EPS for the current year.

FMC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 19th. Shareholders of record on Friday, December 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.76%. This is an increase from FMC’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, December 29th. FMC’s dividend payout ratio is presently 44.87%.

FMC Company Profile

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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 include 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.

See Also

Institutional Ownership by Quarter for FMC (NYSE:FMC)

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