FMC Corporation $FMC Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its holdings in FMC Corporation by 42.1%, selling 7,891 shares and holding 10,869 shares worth $459,000 at the end of the first quarter.
• FMC Corporation recently received mixed analyst ratings, with price targets ranging from $42.00 to $61.00, while maintaining a consensus rating of "Hold" and a target price of $49.58.
• The company declared a quarterly dividend of $0.58 per share, representing a 5.7% yield based on its recent share price, with a payout ratio of 290.00%.

Aberdeen Group plc cut its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 42.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,869 shares of the basic materials company's stock after selling 7,891 shares during the period. Aberdeen Group plc's holdings in FMC were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FMC. Financial Harvest LLC purchased a new stake in shares of FMC in the first quarter worth approximately $29,000. Golden State Wealth Management LLC raised its holdings in shares of FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after buying an additional 402 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of FMC in the first quarter worth approximately $55,000. UMB Bank n.a. raised its holdings in shares of FMC by 378.5% in the first quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company's stock worth $81,000 after buying an additional 1,514 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of FMC in the fourth quarter worth approximately $90,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMC has been the topic of several recent analyst reports. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. Royal Bank Of Canada reduced their price objective on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. KeyCorp raised their price objective on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Morgan Stanley cut their price target on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $49.58.

FMC Stock Down 2.0%

FMC stock traded down $0.81 on Thursday, hitting $38.94. 167,262 shares of the company's stock were exchanged, compared to its average volume of 2,503,665. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75. The firm has a 50 day moving average price of $40.78 and a two-hundred day moving average price of $39.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. The stock has a market cap of $4.86 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.75.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. FMC had a return on equity of 9.36% and a net margin of 2.42%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $995.15 million. During the same period in the previous year, the business earned $0.63 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, equities research analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.0%. FMC's payout ratio is currently 290.00%.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of FMC stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $37.49, for a total transaction of $56,609.90. Following the completion of the sale, the vice president owned 36,834 shares of the company's stock, valued at approximately $1,380,906.66. The trade was a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company's stock.

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.