Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in FMC Corporation $FMC

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has invested approximately $333,000 in FMC Corporation, acquiring 7,900 shares during the first quarter.
• FMC Corporation reported $0.69 earnings per share for the last quarter, exceeding analysts' estimates of $0.59, with revenue reaching $1.05 billion.
• The company recently declared a quarterly dividend of $0.58 per share, reflecting an annualized dividend of $2.32 and a dividend yield of 6.2%.

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,900 shares of the basic materials company's stock, valued at approximately $333,000.

A number of other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in FMC by 61.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 150,937 shares of the basic materials company's stock valued at $7,337,000 after purchasing an additional 57,360 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in FMC during the 4th quarter valued at $5,573,000. Sterling Capital Management LLC increased its holdings in FMC by 49.3% during the 4th quarter. Sterling Capital Management LLC now owns 8,105 shares of the basic materials company's stock valued at $394,000 after purchasing an additional 2,675 shares in the last quarter. Townsquare Capital LLC increased its holdings in FMC by 16.0% during the 4th quarter. Townsquare Capital LLC now owns 11,541 shares of the basic materials company's stock valued at $561,000 after purchasing an additional 1,591 shares in the last quarter. Finally, Barclays PLC increased its holdings in FMC by 7.3% during the 4th quarter. Barclays PLC now owns 333,083 shares of the basic materials company's stock valued at $16,188,000 after purchasing an additional 22,705 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Up 3.4%

Shares of FMC stock traded up $1.3420 during trading on Friday, reaching $40.6820. 884,714 shares of the company were exchanged, compared to its average volume of 2,533,475. 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 twelve month low of $32.83 and a twelve month high of $67.75. The business has a 50-day moving average price of $40.93 and a 200-day moving average price of $39.83. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 50.90, a P/E/G ratio of 1.19 and a beta of 0.75.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts anticipate that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

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 issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 5.7%. FMC's payout ratio is currently 290.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Barclays dropped 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. Royal Bank Of Canada lowered their target price on FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Friday, April 25th. Finally, KeyCorp lifted their target price on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FMC currently has a consensus rating of "Hold" and a consensus target price of $49.58.

Insiders Place Their Bets

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company's stock.

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.