Jacobs Levy Equity Management Inc. Purchases Shares of 351,455 FMC Corporation $FMC

Key Points

• Jacobs Levy Equity Management Inc. has invested approximately $14.83 million in FMC Corporation, acquiring 351,455 shares and holding about 0.28% of the company.
• Analysts have mixed ratings on FMC, with five analysts rating it as a Buy and others holding or selling, resulting in an average target price of $49.58.
• FMC announced a quarterly dividend of $0.58 per share, yielding 6.2%, with an upcoming payment date on October 16th.

Jacobs Levy Equity Management Inc. bought a new stake in FMC Corporation (NYSE:FMC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 351,455 shares of the basic materials company's stock, valued at approximately $14,828,000. Jacobs Levy Equity Management Inc. owned about 0.28% of FMC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMC. AQR Capital Management LLC grew its position in FMC by 1,199.9% in the first quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company's stock valued at $151,071,000 after acquiring an additional 3,342,888 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 valued at $189,618,000 after acquiring an additional 3,329,974 shares during the last quarter. Russell Investments Group Ltd. grew its position in 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 valued at $66,895,000 after acquiring an additional 675,207 shares during the last quarter. Principal Financial Group Inc. grew its position in FMC by 327.3% in the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock valued at $26,476,000 after acquiring an additional 480,691 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in 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 valued at $115,736,000 after acquiring an additional 457,094 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $37.49, for a total value of $56,609.90. Following the transaction, the vice president directly owned 36,834 shares of the company's stock, valued at approximately $1,380,906.66. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

FMC Trading Up 2.7%

Shares of FMC stock traded up $0.99 during midday trading on Thursday, reaching $37.86. The company had a trading volume of 776,197 shares, compared to its average volume of 2,460,656. The stock has a fifty day moving average price of $39.85 and a 200 day moving average price of $39.90. 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 firm has a market cap of $4.73 billion, a PE ratio of 47.35, a P/E/G ratio of 1.15 and a beta of 0.76. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $67.75.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 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 return on equity of 9.36% and a net margin of 2.42%.The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts anticipate that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's payout ratio is currently 290.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FMC. UBS Group cut their price target on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $50.00 in a research note on Monday, June 23rd. Royal Bank Of Canada cut their price target on 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, Morgan Stanley cut their price target on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Five equities research 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. According to MarketBeat, FMC presently has a consensus rating of "Hold" and a consensus target price of $49.58.

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.