FMC Corporation $FMC Shares Bought by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC increased its stake in FMC Corporation by 35.6% in Q1, acquiring an additional 11,637 shares, bringing its total holdings to 44,355 shares valued at approximately $1.87 million.
• FMC Corporation reported earnings of $0.69 EPS for the quarter, surpassing analysts' expectations of $0.59, with revenue of $1.05 billion, compared to analyst estimates of $995.15 million.
• The company announced a quarterly dividend of $0.58 per share, yielding 5.8%, with a high dividend payout ratio of 290.00%.

Redwood Investment Management LLC boosted its stake in FMC Corporation (NYSE:FMC - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,355 shares of the basic materials company's stock after buying an additional 11,637 shares during the period. Redwood Investment Management LLC's holdings in FMC were worth $1,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Harvest LLC purchased a new stake in FMC in the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new stake in FMC in the 1st quarter valued at about $30,000. Golden State Wealth Management LLC raised its holdings 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 valued at $42,000 after buying an additional 402 shares during the period. Central Pacific Bank Trust Division purchased a new stake in FMC in the 1st quarter valued at about $55,000. Finally, AlphaQuest LLC purchased a new stake in FMC in the 1st quarter valued at about $74,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 1,510 shares of FMC stock in a transaction dated 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 $1,380,906.66. The trade was a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.

FMC Stock Down 0.7%

FMC stock traded down $0.27 during mid-day trading on Friday, hitting $39.05. The company had a trading volume of 1,143,370 shares, compared to its average volume of 1,726,789. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 1.22 and a beta of 0.75. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75. The business has a fifty day moving average of $40.73 and a 200 day moving average of $39.86. 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 (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $995.15 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company's revenue 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. On average, sell-side analysts expect that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be issued a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 5.9%. FMC's payout ratio is 290.00%.

Analyst Upgrades and Downgrades

FMC has been the topic of several research analyst reports. Barclays reduced their price objective 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. 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 research note on Friday, August 1st. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 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 research note on Friday, August 1st. Finally, UBS Group cut their price target 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 investment 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. According to MarketBeat.com, the stock presently has an average 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.