Amundi Lowers Stake in FMC Corporation $FMC

Key Points

• Amundi has significantly reduced its stake in FMC Corporation by 73.4%, now owning approximately 0.07% of the company, which is valued at about $3.49 million.
• FMC's recent quarterly earnings surpassed expectations, reporting an EPS of $0.69 against a consensus estimate of $0.59, and revenue reached $1.05 billion.
• The company announced a quarterly dividend of $0.58 per share, reflecting an annual yield of 6.1%, with a payout ratio of 290%.

Amundi reduced its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 73.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 84,278 shares of the basic materials company's stock after selling 232,358 shares during the period. Amundi owned approximately 0.07% of FMC worth $3,486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New South Capital Management Inc. grew its position in FMC by 9.7% during the 1st quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock worth $23,037,000 after purchasing an additional 48,431 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FMC by 608.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock worth $4,294,000 after acquiring an additional 87,368 shares during the period. Amalgamated Bank lifted its stake in shares of FMC by 56.1% in the 1st quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company's stock worth $1,591,000 after acquiring an additional 13,556 shares during the period. GAMMA Investing LLC lifted its stake in shares of FMC by 114.8% in the 1st quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock worth $179,000 after acquiring an additional 2,269 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of FMC by 560.3% in the 1st quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock worth $632,000 after acquiring an additional 12,713 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 3.6%

Shares of NYSE FMC opened at $38.21 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. FMC Corporation has a 52 week low of $32.83 and a 52 week high of $67.75. The firm has a 50-day moving average price of $39.73 and a 200 day moving average price of $39.90. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76.

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

FMC Announces Dividend

The firm also recently announced 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 is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.1%. FMC's payout ratio is presently 290.00%.

Insider Activity

In related news, VP Jacqueline Scanlan sold 1,510 shares of FMC stock in a transaction that occurred on 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 transaction, the vice president directly owned 36,834 shares in the company, valued at $1,380,906.66. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on FMC. Morgan Stanley reduced their price objective on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Royal Bank Of Canada reduced their price objective on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Finally, Barclays reduced their price objective on shares of FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $49.58.

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.

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