Comerica Bank Acquires 19,671 Shares of FMC Corporation $FMC

Key Points

• Comerica Bank increased its holdings in FMC Corporation by 44.7%, acquiring an additional 19,671 shares in the first quarter, bringing its total to 63,689 shares worth approximately $2.69 million.
• The company reported $0.69 EPS for the last quarter, surpassing expectations of $0.59, with a revenue of $1.05 billion, an increase of 1.2% year-over-year.
• FMC announced a quarterly dividend of $0.58 per share, with a yield of 5.9%, to be paid on October 16th, signaling a strong commitment to returning value to shareholders.

Comerica Bank grew its holdings in FMC Corporation (NYSE:FMC - Free Report) by 44.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,689 shares of the basic materials company's stock after purchasing an additional 19,671 shares during the period. Comerica Bank owned about 0.05% of FMC worth $2,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMC. Charles Schwab Investment Management Inc. boosted its position in FMC by 286.0% during the first 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 period. Russell Investments Group Ltd. grew its holdings 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 in the last quarter. Principal Financial Group Inc. lifted its position in FMC by 327.3% in the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock worth $26,476,000 after purchasing an additional 480,691 shares during the period. Dimensional Fund Advisors LP lifted its position in FMC by 20.0% in the first 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 period. Finally, Balyasny Asset Management L.P. lifted its position in FMC by 762.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company's stock worth $23,529,000 after purchasing an additional 427,915 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Up 0.0%

FMC stock traded up $0.01 during mid-day trading on Friday, reaching $37.30. The company had a trading volume of 435,631 shares, compared to its average volume of 2,475,043. 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 stock has a 50 day simple moving average of $40.31 and a two-hundred day simple moving average of $39.92. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 1.15 and a beta of 0.76. FMC Corporation has a 52 week low of $32.83 and a 52 week high of $67.75.

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

FMC Dividend Announcement

The firm 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, September 30th. FMC's payout ratio is currently 290.00%.

Insider Activity at FMC

In other 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 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp boosted their price target on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. UBS Group cut their price target on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. Barclays lowered their price target on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada lowered their price target on FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, FMC has an average rating of "Hold" and a consensus target price 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.