FMC (NYSE:FMC) Hits New 1-Year Low - Here's Why

Key Points

• FMC Corporation reached a new 52-week low, trading as low as $32.68, with a recent price close at $32.96.
• Various brokerages have adjusted their price targets for FMC, with Barclays lowering theirs from $49.00 to $48.00, while KeyCorp raised theirs from $53.00 to $61.00.
• FMC declared a quarterly dividend of $0.58 per share, representing a significant annual yield of 7.0%.

FMC Corporation (NYSE:FMC - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $32.68 and last traded at $32.96, with a volume of 173992 shares traded. The stock had previously closed at $32.93.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FMC. Barclays cut their price objective on FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada cut their target price on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley lowered their price objective on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Finally, KeyCorp upped their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.58.

FMC Price Performance

The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76. 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 company has a 50-day simple moving average of $38.07 and a two-hundred day simple moving average of $39.61.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $995.15 million. During the same period last year, the firm posted $0.63 earnings per share. The business'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, equities research analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio is presently 290.00%.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.49, for a total transaction of $56,609.90. Following the completion of the transaction, the vice president owned 36,834 shares in the company, valued at approximately $1,380,906.66. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On FMC

Large investors have recently made changes to their positions in the business. New South Capital Management Inc. increased its position in shares of FMC by 9.7% during the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock valued at $23,037,000 after buying an additional 48,431 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FMC by 608.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock valued at $4,294,000 after buying an additional 87,368 shares during the period. Amalgamated Bank raised its holdings in FMC by 56.1% in the first quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company's stock worth $1,591,000 after purchasing an additional 13,556 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock valued at $179,000 after acquiring an additional 2,269 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of FMC by 560.3% in the 1st quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock worth $632,000 after purchasing an additional 12,713 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

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.

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