Wall Street Zen cut shares of FMC (NYSE:FMC – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.
Several other equities analysts have also recently weighed in on FMC. JPMorgan Chase & Co. raised their price objective on FMC from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Zacks Research upgraded FMC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Vertical Research cut FMC from a “hold” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research note on Wednesday, April 22nd. The Goldman Sachs Group increased their price objective on FMC from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Citigroup raised their target price on shares of FMC from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $20.46.
Read Our Latest Stock Analysis on FMC
FMC Stock Performance
FMC (NYSE:FMC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.16. FMC had a negative net margin of 72.93% and a positive return on equity of 10.53%. The company had revenue of $762.40 million during the quarter, compared to analysts’ expectations of $745.42 million. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. FMC has set its FY 2026 guidance at 1.630-1.890 EPS and its Q2 2026 guidance at 0.160-0.260 EPS. Equities analysts predict that FMC will post 1.68 earnings per share for the current fiscal year.
FMC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.4%. FMC’s payout ratio is presently -1.60%.
Insider Transactions at FMC
In related news, Director Michael F. Barry acquired 18,072 shares of FMC stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $13.83 per share, with a total value of $249,935.76. Following the completion of the transaction, the director directly owned 19,634 shares in the company, valued at $271,538.22. This trade represents a 1,156.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On FMC
Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC increased its stake in shares of FMC by 3,642.9% during the first quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,785 shares during the period. Armistice Capital LLC acquired a new position in FMC in the 3rd quarter valued at $204,000. Parallel Advisors LLC increased its position in FMC by 297.2% during the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock worth $108,000 after buying an additional 4,687 shares during the period. Entropy Technologies LP acquired a new stake in shares of FMC during the third quarter worth $267,000. Finally, Cary Street Partners Financial LLC lifted its holdings in shares of FMC by 26.0% during the third quarter. Cary Street Partners Financial LLC now owns 18,173 shares of the basic materials company’s stock worth $611,000 after buying an additional 3,749 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about FMC
Here are the key news stories impacting FMC this week:
- Positive Sentiment: FMC agreed to divest its India commercial business for $252 million, a move that could improve capital allocation and simplify its operations. FMC Corporation Announces Agreement to Divest India Commercial Business to Crystal Crop Protection Limited
- Neutral Sentiment: Management said FMC will continue receiving cash from the India business until closing, which may limit any immediate earnings impact from the sale.
- Negative Sentiment: Broader commentary on Indian consumer/FMCG markets was mixed to cautious, with one analyst calling the recovery modest and another saying FMCG is not the preferred sector, which may weigh on sentiment toward FMC-related names.
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.
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