Kettle Hill Capital Management LLC Makes New Investment in FMC Corporation $FMC

Key Points

• Kettle Hill Capital Management LLC acquired a new stake in FMC Corporation, purchasing 41,476 shares valued at approximately $1,750,000.
• Several institutional investors significantly increased their stakes in FMC, including Charles Schwab Investment Management with a 286.0% boost and AQR Capital Management with a 1,199.9% increase.
• FMC recently reported earnings of $0.69 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.58 per share, yielding 6.2% for investors.

Kettle Hill Capital Management LLC purchased a new position in FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,476 shares of the basic materials company's stock, valued at approximately $1,750,000.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted 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 worth $189,618,000 after buying an additional 3,329,974 shares during the last quarter. AQR Capital Management LLC lifted 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 worth $151,071,000 after buying an additional 3,342,888 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $115,736,000 after buying an additional 457,094 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in FMC by 22.7% in 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 during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in FMC by 9.8% in 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 during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 1,510 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $37.49, for a total transaction of $56,609.90. Following the sale, the vice president owned 36,834 shares of the company's stock, valued at $1,380,906.66. This trade 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 through this link. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FMC shares. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays reduced their target price on FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $50.00 in a research note on Monday, June 23rd. KeyCorp increased their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group reduced their target price on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FMC has an average rating of "Hold" and a consensus target price of $49.58.

FMC Stock Up 1.0%

Shares of FMC stock traded up $0.39 during trading on Friday, hitting $37.68. 1,857,123 shares of the stock traded hands, compared to its average volume of 1,524,152. The firm has a market cap of $4.71 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $67.75. The stock's fifty day simple moving average is $40.20 and its 200 day simple moving average is $39.94.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. FMC had a return on equity of 9.36% and a net margin of 2.42%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. 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 predict that FMC Corporation will post 3.48 earnings per share for the current fiscal 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 given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.2%. FMC's dividend payout ratio (DPR) 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.