DRW Securities LLC Takes Position in FMC Corporation $FMC

Key Points

• DRW Securities LLC acquired a new stake in FMC Corporation by purchasing 70,000 shares valued at approximately $2.95 million during the first quarter.
• FMC announced a quarterly dividend of $0.58 per share, reflecting an annualized dividend yield of 5.9% and a payout ratio of 290.00%.
• The company reported a Q2 earnings per share of $0.69, exceeding expectations, with revenues of $1.05 billion indicating a 1.2% year-over-year increase.

DRW Securities LLC bought a new position in shares of FMC Corporation (NYSE:FMC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 70,000 shares of the basic materials company's stock, valued at approximately $2,953,000. DRW Securities LLC owned 0.06% of FMC as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of FMC by 286.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company's stock valued at $189,618,000 after acquiring an additional 3,329,974 shares during the period. Russell Investments Group Ltd. increased its holdings in FMC by 74.2% in 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. increased its holdings in FMC by 327.3% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FMC by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company's stock valued at $115,736,000 after purchasing an additional 457,094 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of FMC by 762.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company's stock valued at $23,529,000 after purchasing an additional 427,915 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Price Performance

Shares of NYSE:FMC traded down $1.42 on Wednesday, hitting $37.05. The company's stock had a trading volume of 1,764,224 shares, compared to its average volume of 1,573,528. The company has a 50-day simple moving average of $40.53 and a 200 day simple moving average of $39.93. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75. The company has a market capitalization of $4.63 billion, a PE ratio of 11.67, a PEG ratio of 1.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14.

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 for the quarter, beating the consensus estimate of $0.59 by $0.10. FMC had a return on equity of 9.36% and a net margin of 2.42%.The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $995.15 million. During the same quarter last year, the firm posted $0.63 EPS. The company's revenue 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. Sell-side analysts forecast that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 6.3%. FMC's payout ratio is 290.00%.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of FMC stock in a transaction dated 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 sale, the vice president owned 36,834 shares of the company's stock, valued at $1,380,906.66. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group dropped their price objective 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 raised shares of FMC from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Royal Bank Of Canada dropped their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. KeyCorp increased their price target on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.