FMC Corporation $FMC Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in FMC Corporation by 1,113.7%, acquiring an additional 177,598 shares, bringing its total to 193,545 shares valued at approximately $8.17 million.
• FMC has seen varying price target adjustments from analysts, with Barclays lowering its target to $48 while KeyCorp raised it to $61, reflecting mixed sentiments on the stock.
• The company announced a quarterly dividend of $0.58 per share set to be paid on October 16th, representing a yield of 5.9%.

Ieq Capital LLC increased its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 1,113.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,545 shares of the basic materials company's stock after buying an additional 177,598 shares during the period. Ieq Capital LLC owned about 0.15% of FMC worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in FMC by 286.0% during 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 buying an additional 3,329,974 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in FMC by 20.0% during 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 buying an additional 457,094 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in FMC by 22.7% during 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 buying an additional 423,210 shares in the last quarter. Northern Trust Corp boosted its holdings in FMC by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,926,284 shares of the basic materials company's stock worth $93,637,000 after buying an additional 71,929 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in FMC by 9.8% during the first quarter. Ameriprise Financial Inc. now owns 1,641,657 shares of the basic materials company's stock worth $69,274,000 after buying an additional 146,048 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

FMC has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. UBS Group decreased their price objective 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. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. KeyCorp upped their price target on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Barclays reduced their price target 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. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, FMC has an average rating of "Hold" and a consensus target price of $49.58.

Insider Activity

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

FMC Price Performance

Shares of NYSE FMC traded down $1.40 on Wednesday, hitting $37.07. The company's stock had a trading volume of 544,203 shares, compared to its average volume of 2,484,340. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 46.33, a price-to-earnings-growth ratio of 1.22 and a beta of 0.76. The stock has a 50 day moving average of $40.53 and a 200-day moving average of $39.93. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. The business had revenue of $1.05 billion for 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 quarter in the prior 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. As a group, research analysts predict that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 6.3%. FMC's dividend payout ratio is presently 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.