HighTower Advisors LLC Grows Position in FMC Corporation $FMC

Key Points

• HighTower Advisors LLC significantly increased its holdings in FMC Corporation by 370% during the first quarter, bringing its total to 36,501 shares valued at $1.54 million.
• FMC Corporation's recent earnings surpassed analysts' expectations, reporting $0.69 earnings per share against a consensus estimate of $0.59, and achieving a revenue of $1.05 billion for the quarter.
• The company announced a quarterly dividend of $0.58 per share, yielding 5.7%, with a notable dividend payout ratio currently at 290%.

HighTower Advisors LLC raised its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 370.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,501 shares of the basic materials company's stock after purchasing an additional 28,735 shares during the quarter. HighTower Advisors LLC's holdings in FMC were worth $1,540,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Financial Harvest LLC purchased a new position in shares of FMC in the first quarter worth $29,000. Golden State Wealth Management LLC lifted its holdings in shares of FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after buying an additional 402 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of FMC in the first quarter worth $55,000. Mufg Securities Americas Inc. purchased a new position in shares of FMC in the fourth quarter worth $90,000. Finally, UMB Bank n.a. lifted its holdings in shares of FMC by 378.5% in the first quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company's stock worth $81,000 after buying an additional 1,514 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on FMC. Barclays lowered their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Morgan Stanley decreased their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. UBS Group reduced their target price on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada reduced their price target on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Finally, Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. Five equities 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $49.58.

Insider Activity

In other news, VP Jacqueline Scanlan sold 1,510 shares of FMC 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 of the company's stock, valued at $1,380,906.66. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

FMC Stock Down 0.7%

Shares of FMC stock traded down $0.28 on Friday, reaching $39.04. The stock had a trading volume of 434,765 shares, compared to its average volume of 2,496,944. The company has a 50 day moving average price of $40.73 and a 200 day moving average price of $39.86. 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 1 year low of $32.83 and a 1 year high of $67.75. The stock has a market capitalization of $4.88 billion, a P/E ratio of 48.79, a P/E/G ratio of 1.23 and a beta of 0.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $995.15 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. 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, equities research analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.9%. FMC's payout ratio is presently 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.