Inspire Trust Co. N.A. boosted its holdings in shares of FMC Corporation (NYSE:FMC – Free Report) by 60.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,000 shares of the basic materials company’s stock after buying an additional 52,900 shares during the period. Inspire Trust Co. N.A.’s holdings in FMC were worth $4,708,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of FMC by 290.5% in the 3rd quarter. SG Americas Securities LLC now owns 97,781 shares of the basic materials company’s stock valued at $3,288,000 after acquiring an additional 72,743 shares in the last quarter. Roffman Miller Associates Inc. PA bought a new position in shares of FMC in the third quarter worth approximately $2,245,000. Jones Financial Companies Lllp raised its stake in FMC by 6.3% in the third quarter. Jones Financial Companies Lllp now owns 728,716 shares of the basic materials company’s stock valued at $24,514,000 after purchasing an additional 43,275 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in FMC in the second quarter valued at approximately $606,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FMC by 11.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock valued at $2,171,000 after purchasing an additional 5,091 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.
FMC Stock Performance
FMC stock opened at $14.62 on Friday. The firm has a fifty day simple moving average of $14.77 and a two-hundred day simple moving average of $23.05. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 1.32. FMC Corporation has a twelve month low of $12.17 and a twelve month high of $44.78. The company has a market capitalization of $1.83 billion, a PE ratio of -0.82, a P/E/G ratio of 1.35 and a beta of 0.65.
FMC Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 31st. FMC’s payout ratio is -1.79%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on FMC. The Goldman Sachs Group decreased their price target on shares of FMC from $43.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of FMC in a research report on Monday, December 22nd. Morgan Stanley lowered their price target on FMC from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada dropped their price target on FMC from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, February 6th. Finally, Wells Fargo & Company reduced their price objective on FMC from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FMC currently has an average rating of “Reduce” and an average target price of $19.59.
Read Our Latest Stock Analysis on FMC
FMC Company Profile
FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.
Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.
Featured Stories
- Five stocks we like better than FMC
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- Gold $5,000: The 2026 Gold & Silver Summit is LIVE March 4
- How a Family Trust May Be Able To Help Preserve Your Wealth
- This makes me furious
- Elon Musk: This Could Turn $100 into $100,000
Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corporation (NYSE:FMC – Free Report).
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.
