FMC (NYSE:FMC) Sets New 52-Week Low on Analyst Downgrade

FMC Corporation (NYSE:FMC)’s stock price reached a new 52-week low on Tuesday after Citigroup lowered their price target on the stock from $42.00 to $34.00. Citigroup currently has a neutral rating on the stock. FMC traded as low as $30.99 and last traded at $31.31, with a volume of 223121 shares trading hands. The stock had previously closed at $31.30.

A number of other analysts have also commented on FMC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FMC in a research note on Saturday, September 27th. Royal Bank Of Canada lowered their price objective on FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. KeyCorp raised their price objective on FMC from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Wall Street Zen raised FMC from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, Wells Fargo & Company raised FMC from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $41.00 to $50.00 in a research report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.67.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 3,790 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $34.00, for a total transaction of $128,860.00. Following the completion of the transaction, the vice president directly owned 33,044 shares in the company, valued at $1,123,496. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On FMC

Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Harvest LLC bought a new position in shares of FMC during the first quarter valued at $29,000. Elequin Capital LP purchased a new position in FMC in the 1st quarter worth about $30,000. Creative Financial Designs Inc. ADV raised its position in FMC by 180.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock worth $34,000 after buying an additional 524 shares during the last quarter. Golden State Wealth Management LLC raised 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 buying an additional 402 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in FMC in the 1st quarter worth about $74,000. 91.86% of the stock is currently owned by institutional investors.

FMC Trading Down 0.4%

The stock has a 50-day simple moving average of $36.75 and a two-hundred day simple moving average of $39.19. 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 firm has a market cap of $3.89 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $995.15 million. During the same quarter in the previous year, the firm earned $0.63 EPS. FMC’s 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. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, September 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 7.4%. FMC’s payout ratio is 290.00%.

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.