OMERS ADMINISTRATION Corp Buys 70,387 Shares of FMC Corporation $FMC

Key Points

• OMERS ADMINISTRATION Corp significantly increased its investment in FMC Corporation by acquiring an additional 70,387 shares, raising its total holdings to approximately 74,695 shares, valued at around $3.15 million.
• FMC Corporation recently announced a quarterly dividend of $0.58 per share, with a dividend yield of 5.9%, and a payout ratio of 290%.
• Analysts have provided mixed ratings for FMC, with Wells Fargo upgrading the stock to an "overweight" rating and raising the target price to $50.00, while others have cut their price targets, reflecting varied expectations for future performance.

OMERS ADMINISTRATION Corp grew its holdings in shares of FMC Corporation (NYSE:FMC - Free Report) by 1,633.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,695 shares of the basic materials company's stock after purchasing an additional 70,387 shares during the quarter. OMERS ADMINISTRATION Corp owned about 0.06% of FMC worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FMC. Financial Harvest LLC bought a new position in FMC in the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in FMC in the 1st quarter worth $30,000. Golden State Wealth Management LLC grew its position in FMC by 66.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after purchasing an additional 402 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in FMC in the 1st quarter worth $55,000. Finally, AlphaQuest LLC acquired a new stake in FMC in the 1st quarter worth $74,000. Institutional investors own 91.86% of the company's stock.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 1,510 shares of the firm's stock in a transaction on 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 directly owned 36,834 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp raised their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. UBS Group reduced their price target on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Barclays reduced their target price on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Wells Fargo & Company upgraded shares of FMC from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada reduced their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $49.58.

FMC Trading Down 1.6%

NYSE:FMC traded down $0.63 during trading hours on Tuesday, hitting $38.47. The stock had a trading volume of 1,651,429 shares, compared to its average volume of 2,496,301. FMC Corporation has a one year low of $32.83 and a one year high of $67.75. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. The business's 50 day moving average is $40.61 and its 200-day moving average is $39.94. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 48.08, a P/E/G ratio of 1.22 and a beta of 0.76.

FMC (NYSE:FMC - Get Free Report) last issued 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. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. During the same period last year, the business posted $0.63 earnings per share. The firm's quarterly revenue 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. Sell-side analysts anticipate that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

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 issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 30th. 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.