NFJ Investment Group LLC Sells 124,643 Shares of FMC Corporation $FMC

Key Points

• NFJ Investment Group LLC reduced its holdings in FMC Corporation by 26.6%, selling 124,643 shares and now owning approximately 343,472 shares valued at $14.49 million.
• FMC Corporation recently announced a quarterly dividend of $0.58 per share, with a yield of 6.2%, payable on October 16th.
• Wall Street analysts have a mixed outlook on FMC, with an average Hold rating and a consensus target price of $49.58 per share.

NFJ Investment Group LLC lessened its holdings in FMC Corporation (NYSE:FMC - Free Report) by 26.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,472 shares of the basic materials company's stock after selling 124,643 shares during the quarter. NFJ Investment Group LLC owned 0.27% of FMC worth $14,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in FMC by 229.1% in the 1st quarter. NewEdge Advisors LLC now owns 52,618 shares of the basic materials company's stock worth $2,220,000 after acquiring an additional 36,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FMC by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company's stock worth $2,171,000 after acquiring an additional 5,091 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in FMC in the 1st quarter worth $14,828,000. Kettle Hill Capital Management LLC bought a new stake in FMC in the 1st quarter worth $1,750,000. Finally, Gotham Asset Management LLC grew its holdings in FMC by 67.9% in the 1st quarter. Gotham Asset Management LLC now owns 509,886 shares of the basic materials company's stock worth $21,512,000 after acquiring an additional 206,268 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Insider Buying and Selling

In related 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 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 legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by insiders.

FMC Trading Up 1.0%

Shares of FMC traded up $0.39 during trading hours on Friday, reaching $37.68. 1,857,123 shares of the company traded hands, compared to its average volume of 1,524,152. The company's fifty day moving average price is $40.20 and its two-hundred day moving average price is $39.94. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. 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 earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.10. FMC had a net margin of 2.42% and a return on equity of 9.36%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. Equities research analysts predict that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm 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 dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 6.2%. FMC's payout ratio is presently 290.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FMC. Royal Bank Of Canada cut their price target on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. KeyCorp raised their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Morgan Stanley cut their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Barclays cut 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. Finally, UBS Group cut their target price on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, FMC currently has a consensus rating of "Hold" and an average price target 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.