Wellington Management Group LLP Trims Stock Holdings in FMC Corporation $FMC

Key Points

• Wellington Management Group LLP significantly reduced its stake in FMC Corporation by selling 6,165,296 shares, representing a 51% decrease, leaving it with approximately 5.9 million shares valued at $249.6 million.
• FMC Corporation recently declared a quarterly dividend of $0.58 per share, with a dividend yield of 6.0%, reflecting a high payout ratio of 290%.
• FMC reported earnings of $0.69 per share for the last quarter, surpassing analysts' estimates, while revenue increased by 1.2% year-over-year to $1.05 billion.

Wellington Management Group LLP decreased its position in FMC Corporation (NYSE:FMC - Free Report) by 51.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,915,225 shares of the basic materials company's stock after selling 6,165,296 shares during the quarter. Wellington Management Group LLP owned 4.74% of FMC worth $249,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group lifted its position in FMC by 403.1% in the 1st quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company's stock worth $104,000 after buying an additional 1,975 shares during the last quarter. Elequin Capital LP bought a new stake in FMC in the 1st quarter worth approximately $30,000. Versor Investments LP lifted its position in FMC by 154.0% in the 1st quarter. Versor Investments LP now owns 37,609 shares of the basic materials company's stock worth $1,587,000 after buying an additional 22,800 shares during the last quarter. Algert Global LLC lifted its position in FMC by 117.3% in the 1st quarter. Algert Global LLC now owns 128,306 shares of the basic materials company's stock worth $5,413,000 after buying an additional 69,254 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in FMC by 14.3% in the 1st quarter. Cresset Asset Management LLC now owns 245,223 shares of the basic materials company's stock worth $10,488,000 after buying an additional 30,771 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FMC. Barclays dropped their target price on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Morgan Stanley decreased their price target on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Friday, April 25th. UBS Group decreased their price target on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $49.58.

Insiders Place Their Bets

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

FMC Trading Up 3.4%

Shares of FMC traded up $1.3240 during mid-day trading on Friday, hitting $40.6640. 1,566,145 shares of the company's stock traded hands, compared to its average volume of 2,001,008. 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 1 year low of $32.83 and a 1 year high of $67.75. The firm has a market capitalization of $5.08 billion, a P/E ratio of 50.83, a PEG ratio of 1.22 and a beta of 0.75. The business's 50-day moving average price is $40.91 and its 200-day moving average price is $39.74.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (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 analysts' expectations of $995.15 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business'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. As a group, sell-side analysts forecast that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's dividend payout ratio is presently 290.00%.

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.