John Mitchell Raines Buys 7,000 Shares of FMC (NYSE:FMC) Stock

FMC Corporation (NYSE:FMC) Director John Mitchell Raines acquired 7,000 shares of FMC stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $13.77 per share, with a total value of $96,390.00. Following the purchase, the director owned 13,784 shares in the company, valued at $189,805.68. The trade was a 103.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

FMC Trading Up 2.2%

Shares of FMC stock opened at $13.94 on Friday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.72. FMC Corporation has a 1 year low of $12.87 and a 1 year high of $61.26. The firm’s fifty day simple moving average is $28.33 and its 200 day simple moving average is $36.06. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business had revenue of $542.20 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was down 49.1% on a year-over-year basis. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. As a group, sell-side analysts predict that FMC Corporation will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of FMC from $43.00 to $19.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Morgan Stanley reduced their price target on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada lowered their target price on FMC from $33.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. UBS Group lowered their target price on shares of FMC from $36.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of FMC in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus price target of $29.25.

Institutional Trading of FMC

A number of institutional investors have recently bought and sold shares of the business. Financial Harvest LLC acquired a new stake in FMC during the first quarter worth approximately $29,000. Elequin Capital LP acquired a new position in FMC in the 1st quarter valued at $30,000. Creative Financial Designs Inc. ADV lifted its position in shares of FMC by 180.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 815 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 524 shares during the period. AlphaQuest LLC acquired a new stake in shares of FMC during the 1st quarter worth $74,000. Finally, Brooklyn Investment Group increased its position in shares of FMC by 403.1% in the first quarter. Brooklyn Investment Group now owns 2,465 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 1,975 shares during the period. Institutional investors own 91.86% of the company’s stock.

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.