Cove Street Capital LLC Acquires 10,025 Shares of FMC Corporation $FMC

Key Points

• Cove Street Capital LLC increased its holdings in FMC Corporation by 38.8%, bringing its total shares to 35,878, which represents about 2.4% of its investment portfolio.
• FMC's recent earnings report revealed a profit of $0.69 per share, surpassing analysts' expectations of $0.59, along with a revenue of $1.05 billion for the quarter.
• The company announced a quarterly dividend of $0.58 per share, resulting in an annualized yield of 6.3%, with a dividend payout ratio of 290.00%.

Cove Street Capital LLC increased its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 38.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,878 shares of the basic materials company's stock after buying an additional 10,025 shares during the period. FMC accounts for about 2.4% of Cove Street Capital LLC's investment portfolio, making the stock its 14th biggest holding. Cove Street Capital LLC's holdings in FMC were worth $1,514,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FMC. New South Capital Management Inc. grew its holdings 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 acquiring an additional 48,431 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position 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 purchasing an additional 87,368 shares during the last quarter. Amalgamated Bank boosted its position 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 purchasing an additional 13,556 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock worth $179,000 after purchasing an additional 2,269 shares during the period. Finally, SG Americas Securities LLC increased its holdings in FMC by 560.3% in the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock valued at $632,000 after purchasing an additional 12,713 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Up 0.3%

Shares of NYSE:FMC traded up $0.13 during midday trading on Monday, reaching $37.91. 1,485,027 shares of the company were exchanged, compared to its average volume of 2,477,718. The firm has a market cap of $4.73 billion, a PE ratio of 47.38, a P/E/G ratio of 1.18 and a beta of 0.76. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $67.75. The stock has a fifty day simple moving average of $40.20 and a two-hundred day simple moving average of $39.94. 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 (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $995.15 million. During the same period in the prior year, the business earned $0.63 EPS. The company'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. As a group, sell-side analysts forecast that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's dividend payout ratio (DPR) is currently 290.00%.

Analyst Ratings Changes

FMC has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their target price on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. KeyCorp increased their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group reduced their price objective on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Barclays cut their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $49.58.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the company's 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 owned 36,834 shares of the company's stock, valued at $1,380,906.66. This represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

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.