Nuveen LLC Acquires Shares of 152,325 FMC Corporation $FMC

Key Points

• Nuveen LLC has made a new investment in FMC Corporation, purchasing 152,325 shares valued at approximately $6.45 million, representing about 0.12% of the company's stock.
• FMC's stock received a range of analyst ratings, with Wells Fargo upgrading it to "overweight" and adjusting their price target from $41.00 to $50.00, while other analysts have varied in their ratings and price targets.
• The company has declared a quarterly dividend of $0.58 per share with a payout ratio of 290%, set to be paid on October 16th to shareholders of record on September 30th.

Nuveen LLC acquired a new position in shares of FMC Corporation (NYSE:FMC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,325 shares of the basic materials company's stock, valued at approximately $6,445,000. Nuveen LLC owned 0.12% of FMC as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of FMC by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after buying an additional 286 shares in the last quarter. Algert Global LLC raised its position in FMC by 0.5% in the 4th quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock valued at $2,871,000 after buying an additional 300 shares during the last quarter. Oak Thistle LLC increased its position in shares of FMC by 5.5% during the 1st quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 398 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of FMC by 66.6% during 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 purchasing an additional 402 shares during the last quarter. Finally, First National Advisers LLC increased its position in shares of FMC by 1.8% during the 1st quarter. First National Advisers LLC now owns 29,352 shares of the basic materials company's stock valued at $1,239,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Price Performance

Shares of NYSE FMC traded down $0.28 during trading hours on Friday, reaching $39.04. 434,765 shares of the stock traded hands, compared to its average volume of 2,496,944. The company has a market capitalization of $4.88 billion, a P/E ratio of 48.79, a price-to-earnings-growth ratio of 1.23 and a beta of 0.75. 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 52-week low of $32.83 and a 52-week high of $67.75. The company's 50-day simple moving average is $40.73 and its two-hundred day simple moving average is $39.86.

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, topping analysts' consensus estimates of $0.59 by $0.10. The business had revenue of $1.05 billion for 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 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 EPS. 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 forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders 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 dividend yield of 5.9%. FMC's payout ratio is 290.00%.

Insider Activity

In other 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $41.00 to $50.00 in a research report 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 for the company in a research note on Friday, August 1st. Barclays cut their price target on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. KeyCorp increased their price target 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 cut their target price on FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FMC has a consensus rating of "Hold" and an average price target of $49.58.

FMC Company 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.