Invesco Ltd. Lowers Position in FMC Corporation $FMC

Key Points

• Invesco Ltd. has reduced its stake in FMC Corporation by 88.4%, selling over 3.1 million shares, leaving it with 412,893 shares valued at approximately $17.4 million.
• Analysts have mixed opinions on FMC, with Wells Fargo raising its target price significantly while others, like Morgan Stanley, have lowered theirs; the consensus rating remains a "Hold" with a target of $49.58.
• The company plans to pay a quarterly dividend of $0.58 per share on October 16, reflecting a yearly yield of 5.9% despite a very high payout ratio of 290%.

Invesco Ltd. lessened its stake in FMC Corporation (NYSE:FMC - Free Report) by 88.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,893 shares of the basic materials company's stock after selling 3,146,214 shares during the quarter. Invesco Ltd. owned 0.33% of FMC worth $17,420,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FMC. Financial Harvest LLC purchased a new position in shares of FMC in the 1st quarter valued at about $29,000. Golden State Wealth Management LLC increased its holdings in shares of FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 402 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of FMC in the 1st quarter valued at about $55,000. UMB Bank n.a. increased its holdings in shares of FMC by 378.5% in the 1st quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new position in shares of FMC in the 4th quarter valued at about $90,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Activity at FMC

In other 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 transaction of $56,609.90. Following the completion of the sale, the vice president directly owned 36,834 shares in the company, 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 filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on FMC. Morgan Stanley dropped their target price 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. Barclays dropped their target price 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. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $41.00 to $50.00 in a report on Monday, June 23rd. Finally, KeyCorp raised their target price on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $49.58.

FMC Trading Down 1.3%

Shares of NYSE FMC traded down $0.52 during midday trading on Monday, reaching $40.17. 1,192,039 shares of the stock were exchanged, compared to its average volume of 2,529,711. The company has a market capitalization of $5.02 billion, a P/E ratio of 50.21, a P/E/G ratio of 1.26 and a beta of 0.75. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $67.75. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $40.91 and a 200-day moving average price of $39.80.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts expect that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.8%. FMC's payout ratio is 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.