Bayforest Capital Ltd raised its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 19,282.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,933 shares of the basic materials company's stock after purchasing an additional 20,825 shares during the quarter. Bayforest Capital Ltd's holdings in FMC were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of FMC by 17.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,792 shares of the basic materials company's stock worth $330,000 after acquiring an additional 1,033 shares in the last quarter. Crestline Management LP acquired a new position in shares of FMC in the 4th quarter worth approximately $253,000. EP Wealth Advisors LLC acquired a new position in shares of FMC in the 4th quarter worth approximately $210,000. Deutsche Bank AG boosted its holdings in shares of FMC by 39.2% in the 4th quarter. Deutsche Bank AG now owns 1,437,340 shares of the basic materials company's stock worth $69,869,000 after acquiring an additional 404,876 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of FMC by 400.3% in the 4th quarter. Graham Capital Management L.P. now owns 26,794 shares of the basic materials company's stock worth $1,302,000 after acquiring an additional 21,438 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on FMC. Morgan Stanley reduced their target price on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Barclays reduced their target price on FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Finally, UBS Group dropped their price objective on shares of FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $49.58.
Get Our Latest Stock Report on FMC
Insider Activity at FMC
In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the company's stock in a transaction on Monday, August 18th. The shares were 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 in the company, 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 is accessible through this hyperlink. Insiders own 0.67% of the company's stock.
FMC Stock Performance
FMC stock opened at $37.91 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The company has a 50 day moving average price of $40.13 and a 200 day moving average price of $39.94. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $67.75. The stock has a market capitalization of $4.73 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76.
FMC (NYSE:FMC - Get Free Report) last issued its earnings results 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. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts forecast that FMC Corporation will post 3.48 EPS for the current 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 annualized dividend and a dividend yield of 6.1%. FMC's payout ratio is presently 290.00%.
About FMC
(
Free Report)
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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