Chiron Capital Management LLC Takes $300,000 Position in FMC Corporation $FMC

Key Points

• Chiron Capital Management LLC has invested $300,000 in FMC Corporation, purchasing 7,100 shares in the first quarter, indicating growing institutional interest in the company.
• FMC's stock has recently been rated as a "Hold" by Wall Street Zen and has seen target price adjustments from various analysts, with a consensus price target of $49.58.
• The company announced a quarterly dividend of $0.58 per share, with a payout ratio of 290%, reflecting its commitment to returning value to shareholders.

Chiron Capital Management LLC purchased a new position in FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,100 shares of the basic materials company's stock, valued at approximately $300,000.

A number of other hedge funds have also modified their holdings of FMC. The Manufacturers Life Insurance Company boosted its position in shares of FMC by 4.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 102,760 shares of the basic materials company's stock worth $4,995,000 after purchasing an additional 4,807 shares during the period. Northern Trust Corp boosted its position in shares of FMC by 3.9% in the fourth 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 period. Schonfeld Strategic Advisors LLC boosted its position in shares of FMC by 1,037.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 53,671 shares of the basic materials company's stock worth $2,609,000 after purchasing an additional 48,951 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of FMC by 17.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,792 shares of the basic materials company's stock worth $330,000 after purchasing an additional 1,033 shares during the period. Finally, Algert Global LLC boosted its position in shares of FMC by 0.5% in the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock worth $2,871,000 after purchasing an additional 300 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 1,510 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $37.49, for a total value of $56,609.90. Following the sale, the vice president owned 36,834 shares of the company's stock, valued at approximately $1,380,906.66. This represents a 3.94% decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. KeyCorp upped their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. UBS Group dropped their price target 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. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. Morgan Stanley cut their target price on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Royal Bank Of Canada cut their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.58.

FMC Price Performance

FMC stock traded up $0.39 during mid-day trading on Friday, reaching $37.68. 1,857,123 shares of the company's stock traded hands, compared to its average volume of 1,523,143. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 1.16 and a beta of 0.76. The stock has a 50 day moving average of $40.20 and a two-hundred day moving average of $39.91. 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 12-month low of $32.83 and a 12-month high of $67.75.

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

FMC Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 6.2%. FMC's dividend payout ratio is currently 290.00%.

FMC 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.