Cresset Asset Management LLC Grows Position in FMC Corporation $FMC

Key Points

• Cresset Asset Management LLC increased its stake in FMC Corporation by 14.3% during the first quarter, owning 245,223 shares valued at approximately $10.5 million.
• The company reported a profit of $0.69 earnings per share for the last quarter, exceeding analyst expectations of $0.59, along with revenue of $1.05 billion.
• FMC has declared a quarterly dividend of $0.58 payable on October 16, representing an annualized dividend yield of 6.2%.

Cresset Asset Management LLC grew its holdings in FMC Corporation (NYSE:FMC - Free Report) by 14.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,223 shares of the basic materials company's stock after buying an additional 30,771 shares during the quarter. Cresset Asset Management LLC owned 0.20% of FMC worth $10,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Harvest LLC purchased a new stake in FMC in the 1st quarter worth $29,000. Golden State Wealth Management LLC boosted its position in shares of FMC by 66.6% during 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 acquiring an additional 402 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of FMC during the 1st quarter valued at about $55,000. UMB Bank n.a. boosted its position in shares of FMC by 378.5% during the 1st quarter. UMB Bank n.a. now owns 1,914 shares of the basic materials company's stock valued at $81,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in shares of FMC during the 4th quarter valued at about $90,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Trading Up 3.4%

NYSE:FMC traded up $1.3250 on Friday, reaching $40.6650. 570,098 shares of the company's stock were exchanged, compared to its average volume of 2,531,575. 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 market capitalization of $5.08 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. The business has a fifty day moving average of $40.93 and a 200-day moving average of $39.83. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $67.75.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results 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. The company 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%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, analysts expect that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid 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 yield of 5.7%. FMC's dividend payout ratio is 290.00%.

Analyst Upgrades and Downgrades

FMC has been the topic of several recent research reports. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Friday, April 25th. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. KeyCorp boosted their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Barclays decreased their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada decreased their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.58.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the business's 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 sale, the vice president directly owned 36,834 shares in the company, valued at $1,380,906.66. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

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.