FMC (NYSE:FMC) Shares Down 3.8% – Here’s Why
by Kim Johansen · The Markets DailyFMC Corporation (NYSE:FMC – Get Free Report) dropped 3.8% during mid-day trading on Friday . The stock traded as low as $11.60 and last traded at $11.6250. Approximately 314,501 shares changed hands during trading, a decline of 92% from the average daily volume of 3,790,327 shares. The stock had previously closed at $12.08.
FMC News Summary
Here are the key news stories impacting FMC this week:
- Positive Sentiment: KeyCorp initiated coverage of FMC Corporation with an “overweight” rating and a $16.00 price target, implying roughly 38%–40% upside from recent trading levels. The firm also issued a “Strong Buy” rating and projected FY2028 EPS of $2.05, well above the current-year consensus estimate of $1.27. The forecast suggests expectations for a substantial earnings recovery. KeyCorp FMC coverage and earnings forecast
- Positive Sentiment: The broader analyst consensus remains more constructive than the recent share price, with an average price target of approximately $14.25 versus trading levels near $11–$12. This indicates potential upside if FMC’s profitability improves as expected. FMC analyst price target
- Neutral Sentiment: Corporate controller Nicholas Pfeiffer sold 1,251 shares for approximately $15,988, reducing his direct holdings by 4.2% to 28,513 shares. The relatively small transaction is a modest negative signal but does not, by itself, establish a change in management’s outlook. FMC insider sale SEC filing
- Negative Sentiment: Recent fundamentals remain challenging: FMC’s latest quarterly revenue fell 17.5% year over year to $841.4 million, missing estimates, while EPS declined from the prior-year period. The company also carries elevated leverage, which could increase the risk surrounding the anticipated recovery.
- Neutral Sentiment: Several reports about vulnerabilities in Cisco Secure FMC concern Cisco’s security-management platform, not FMC Corporation. Similarly, stories involving the Federal Maritime Commission or TechnipFMC are unrelated companies and should not affect FMC shares.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on FMC from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of FMC in a research note on Friday, July 31st. KeyCorp assumed coverage on FMC in a research report on Friday. They issued an “overweight” rating and a $16.00 price target on the stock. Citigroup reaffirmed a “buy” rating on shares of FMC in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada lowered their price objective on FMC from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.38.
Get Our Latest Stock Analysis on FMC
FMC Price Performance
The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. The firm’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $13.05. The stock has a market capitalization of $1.42 billion, a PE ratio of -0.52 and a beta of 0.41.
FMC (NYSE:FMC – Get Free Report) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%.The business had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $895.14 million. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, equities analysts predict that FMC Corporation will post 1.27 earnings per share for the current year.
FMC Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 30th. FMC’s dividend payout ratio is currently -1.45%.
Institutional Trading of FMC
A number of institutional investors have recently bought and sold shares of FMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in FMC by 11.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company’s stock worth $2,171,000 after buying an additional 5,091 shares during the period. Focus Partners Wealth boosted its position in FMC by 137.7% in the 1st quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company’s stock valued at $904,000 after buying an additional 12,414 shares during the period. State of Tennessee Department of Treasury grew its stake in FMC by 45.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company’s stock worth $2,401,000 after acquiring an additional 17,878 shares in the last quarter. Entropy Technologies LP bought a new position in FMC in the 3rd quarter worth about $267,000. Finally, Armistice Capital LLC purchased a new position in shares of FMC during the third quarter worth approximately $204,000. 91.86% of the stock is currently owned by institutional investors.
About FMC
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.