FMC Corporation $FMC Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in FMC Corporation by 19.5%, selling 376,267 shares, and now owns approximately 1.24% of the company, valued at $65.4 million.
• Analysts have mixed views on FMC, with price targets ranging from $42.00 to $61.00; currently, the stock holds an average rating of "Hold" and a target price of $49.58.
• FMC recently announced a quarterly dividend of $0.58 per share, which will be paid on October 16th, resulting in a yield of 5.8% based on its current payout ratio of 290.00%.

Northern Trust Corp reduced its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 19.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,550,017 shares of the basic materials company's stock after selling 376,267 shares during the quarter. Northern Trust Corp owned approximately 1.24% of FMC worth $65,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings 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 worth $189,618,000 after purchasing an additional 3,329,974 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FMC by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company's stock worth $115,736,000 after purchasing an additional 457,094 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of FMC by 22.7% in the first quarter. Brandywine Global Investment Management LLC now owns 2,284,267 shares of the basic materials company's stock worth $96,373,000 after purchasing an additional 423,210 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of FMC by 74.2% in 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 purchasing an additional 675,207 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of FMC by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,495,609 shares of the basic materials company's stock worth $72,712,000 after purchasing an additional 18,777 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 1,510 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.49, for a total value of $56,609.90. Following the transaction, the vice president owned 36,834 shares in the company, valued at approximately $1,380,906.66. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.67% of the company's stock.

FMC Stock Performance

Shares of FMC stock traded down $0.27 during midday trading on Friday, hitting $39.05. The company had a trading volume of 1,143,370 shares, compared to its average volume of 2,501,422. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 1.23 and a beta of 0.75. 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 company has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $39.86. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75.

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, beating the consensus estimate of $0.59 by $0.10. The firm had revenue of $1.05 billion during 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 was up 1.2% on a year-over-year basis. 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 predict that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio is 290.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. KeyCorp upped their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. UBS Group dropped their target price on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. 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 report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $49.58.

FMC Company 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.