FMC Corporation $FMC Holdings Increased by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL increased its stake in FMC Corporation by 52.5%, holding 46,750 shares valued at approximately $1.97 million after purchasing an additional 16,100 shares in the first quarter.
• Analysts have set new price targets for FMC, with some downgrading their estimates; for instance, Morgan Stanley decreased its target from $46.00 to $42.00, while KeyCorp raised its target from $53.00 to $61.00.
• FMC Corporation announced a quarterly dividend of $0.58 per share, with an annualized yield of 5.9%, reflecting a high dividend payout ratio of 290.00%.

Gamco Investors INC. ET AL boosted its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 52.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,750 shares of the basic materials company's stock after purchasing an additional 16,100 shares during the period. Gamco Investors INC. ET AL's holdings in FMC were worth $1,972,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Comerica Bank grew its holdings in FMC by 44.7% during the 1st quarter. Comerica Bank now owns 63,689 shares of the basic materials company's stock valued at $2,687,000 after purchasing an additional 19,671 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in FMC during the 1st quarter valued at $1,273,000. Quantitative Investment Management LLC acquired a new stake in FMC during the 1st quarter valued at $1,164,000. Jump Financial LLC grew its holdings in FMC by 456.2% during the 1st quarter. Jump Financial LLC now owns 394,573 shares of the basic materials company's stock valued at $16,647,000 after purchasing an additional 323,636 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in FMC by 116.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,441 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 5,614 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. UBS Group decreased their price objective on shares of FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price objective on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. Finally, Barclays decreased their price objective on shares of FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.58.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 1,510 shares of FMC stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $37.49, for a total value of $56,609.90. Following the sale, the vice president directly owned 36,834 shares in the company, valued at $1,380,906.66. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

FMC Stock Performance

Shares of FMC stock traded down $0.27 during trading hours on Friday, reaching $39.05. The company's stock had a trading volume of 1,143,370 shares, compared to its average volume of 1,670,490. The company's 50 day simple moving average is $40.69 and its 200 day simple moving average is $39.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. FMC Corporation has a one year low of $32.83 and a one year high of $67.75. The stock has a market cap of $4.88 billion, a P/E ratio of 48.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.76.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. FMC's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. 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, analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 5.9%. FMC's dividend payout ratio (DPR) is currently 290.00%.

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.