Gotham Asset Management LLC Purchases 206,268 Shares of FMC Corporation $FMC

Key Points

• Gotham Asset Management LLC increased its stake in FMC Corporation by 67.9%, owning approximately 509,886 shares valued at $21.51 million as of its latest SEC filing.
• FMC Corporation reported $0.69 EPS for the last quarter, exceeding estimates, with quarterly revenue of $1.05 billion, a 1.2% year-over-year increase.
• The company announced a quarterly dividend of $0.58 per share, resulting in an annualized yield of 6.2%, with a high payout ratio of 290.00%.

Gotham Asset Management LLC lifted its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 67.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 509,886 shares of the basic materials company's stock after acquiring an additional 206,268 shares during the period. Gotham Asset Management LLC owned 0.41% of FMC worth $21,512,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Harvest LLC bought a new position in FMC in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in FMC in the 1st quarter valued at about $30,000. Golden State Wealth Management LLC grew its position in 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 buying an additional 402 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in FMC in the 1st quarter valued at about $55,000. Finally, AlphaQuest LLC bought a new position in FMC in the 1st quarter valued at about $74,000. Institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

FMC has been the subject of several research reports. Royal Bank Of Canada reduced their price objective on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. UBS Group reduced their price target on shares of FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. KeyCorp increased their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. Finally, Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Five research 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 company presently has an average rating of "Hold" and a consensus price target of $49.58.

Insider Activity

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

FMC Price Performance

Shares of NYSE FMC traded up $0.39 during midday trading on Friday, reaching $37.68. 1,857,123 shares of the company traded hands, compared to its average volume of 1,524,152. The firm has a market cap of $4.71 billion, a PE ratio of 47.09, a PEG ratio of 1.18 and a beta of 0.76. The stock's 50-day simple moving average is $40.20 and its 200-day simple moving average is $39.94. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $67.75. 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 (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, beating analysts' consensus estimates of $0.59 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business 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, equities analysts anticipate 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 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's payout ratio is currently 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.