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

Key Points

• FMC Corporation's stock reached a new 52-week low of $30.99 after Citigroup downgraded its price target from $42.00 to $34.00, maintaining a neutral rating.
• Multiple analysts have revised their price targets on FMC, with an average target of $46.67, indicating a consensus rating of "Hold."
• The company announced a quarterly dividend of $0.58 per share, representing an annualized yield of 7.4%, with the ex-dividend date set for September 30th.

FMC Corporation (NYSE:FMC - Get Free Report) shares 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 traded. The stock had previously closed at $31.30.

Other research analysts also recently issued reports about the company. Barclays decreased their price target on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $50.00 in a report on Monday, June 23rd. Royal Bank Of Canada decreased their price target on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. UBS Group decreased their price target on FMC from $44.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Morgan Stanley decreased their price target on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.67.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 3,790 shares of the 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 of the company's stock, valued at approximately $1,123,496. This represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FMC

Institutional investors have recently made changes to their positions in the stock. Financial Harvest LLC purchased a new stake in shares of FMC during the first quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of FMC in the first quarter worth $30,000. Creative Financial Designs Inc. ADV raised its position in shares of FMC by 180.1% in the second 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 in the last quarter. Golden State Wealth Management LLC raised its position in shares of FMC by 66.6% in the first 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 in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of FMC in the first quarter worth $74,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Up 0.2%

The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The company has a market cap of $3.92 billion, a PE ratio of 39.14, a P/E/G ratio of 1.00 and a beta of 0.76. The stock has a 50-day moving average of $36.97 and a 200-day moving average of $39.24.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) 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 company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $995.15 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. Sell-side analysts predict that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 30th. FMC's dividend payout ratio (DPR) 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.

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