Ameriprise Financial Inc. Boosts Position in FMC Corporation $FMC

Key Points

• Ameriprise Financial Inc. increased its stake in FMC Corporation by 9.8%, owning 1,641,657 shares valued at $69 million as of the most recent SEC filing.
• FMC Corporation declared a quarterly dividend of $0.58 per share, representing an annual yield of 5.9%, with payment scheduled for October 16th.
• Equity analysts have mixed ratings on FMC, with target prices ranging from $42.00 to $61.00, reflecting underlying market uncertainty about the company's future performance.

Ameriprise Financial Inc. lifted its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,641,657 shares of the basic materials company's stock after acquiring an additional 146,048 shares during the period. Ameriprise Financial Inc. owned 1.31% of FMC worth $69,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of FMC by 286.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company's stock worth $189,618,000 after purchasing an additional 3,329,974 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of FMC by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company's stock worth $115,736,000 after purchasing an additional 457,094 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of FMC by 22.7% during the 1st quarter. Brandywine Global Investment Management LLC now owns 2,284,267 shares of the basic materials company's stock worth $96,373,000 after purchasing an additional 423,210 shares during the last quarter. Northern Trust Corp increased its position in shares of FMC by 3.9% during the 4th quarter. Northern Trust Corp now owns 1,926,284 shares of the basic materials company's stock worth $93,637,000 after purchasing an additional 71,929 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of FMC by 74.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company's stock worth $66,895,000 after purchasing an additional 675,207 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other 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 value of $56,609.90. Following the completion of the transaction, the vice president owned 36,834 shares in the company, valued at approximately $1,380,906.66. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company's stock.

FMC Stock Down 0.7%

Shares of FMC traded down $0.27 during midday trading on Friday, hitting $39.05. The company had a trading volume of 1,143,370 shares, compared to its average volume of 1,726,789. The company's 50-day simple moving average is $40.69 and its 200-day simple moving average is $39.88. 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 firm has a market capitalization of $4.88 billion, a P/E ratio of 48.81, a P/E/G ratio of 1.22 and a beta of 0.75. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. 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, sell-side analysts expect that FMC Corporation will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is presently 290.00%.

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.