Ethic Inc. Increases Position in FMC Corporation $FMC

Key Points

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Ethic Inc. lifted its stake in FMC Corporation (NYSE:FMC - Free Report) by 43.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,617 shares of the basic materials company's stock after buying an additional 15,905 shares during the period. Ethic Inc.'s holdings in FMC were worth $2,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 3,329,974 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FMC by 44.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after purchasing an additional 707,727 shares during the period. Russell Investments Group Ltd. raised its position in FMC by 74.2% during the first quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company's stock worth $66,895,000 after acquiring an additional 675,207 shares during the last quarter. Principal Financial Group Inc. raised its position in FMC by 327.3% during the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock worth $26,476,000 after acquiring an additional 480,691 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in FMC by 762.4% during 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 acquiring an additional 427,915 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FMC shares. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Friday, April 25th. 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 report on Friday, August 1st. 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 report on Friday, August 1st. Barclays cut their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Finally, UBS Group cut their target price 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. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.58.

Insiders Place Their Bets

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 value of $56,609.90. Following the completion of the transaction, the vice president owned 36,834 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

FMC Trading Up 3.4%

Shares of FMC stock traded up $1.3240 during trading hours on Friday, hitting $40.6640. 1,064,374 shares of the company were exchanged, compared to its average volume of 2,534,419. The firm has a market cap of $5.08 billion, a PE ratio of 50.83, a PEG ratio of 1.19 and a beta of 0.75. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $40.93 and a 200 day moving average of $39.83.

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

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given 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 5.7%. FMC's payout ratio is 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.