FMC (NYSE:FMC) Shares Down 7.3% – Here’s What Happened

FMC Corporation (NYSE:FMC)’s share price was down 7.3% during mid-day trading on Thursday . The company traded as low as $11.26 and last traded at $11.11. Approximately 1,304,563 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 3,689,943 shares. The stock had previously closed at $11.98.

Analysts Set New Price Targets

Several equities analysts recently commented on FMC shares. The Goldman Sachs Group upped their price target on shares of FMC from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. UBS Group boosted their price objective on shares of FMC from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Citigroup increased their target price on shares of FMC from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of FMC from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FMC in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $20.21.

FMC Trading Down 0.3%

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 1.29. The stock has a market capitalization of $1.44 billion, a P/E ratio of -0.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.35. The firm’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $14.44.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.16. The company had revenue of $762.40 million during the quarter, compared to the consensus estimate of $745.42 million. FMC had a negative net margin of 72.93% and a positive return on equity of 10.53%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. FMC has set its FY 2026 guidance at 1.630-1.890 EPS and its Q2 2026 guidance at 0.160-0.260 EPS. As a group, equities research analysts forecast that FMC Corporation will post 1.69 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, June 30th. FMC’s dividend payout ratio is currently -1.60%.

Institutional Trading of FMC

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew 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 buying an additional 1,785 shares during the last quarter. Essential Partners LLC bought a new position in shares of FMC in the 1st quarter valued at $43,000. Parallel Advisors LLC boosted its holdings in shares of FMC by 297.2% during the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 4,687 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of FMC by 3,714.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,041 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 8,804 shares in the last quarter. Finally, Armistice Capital LLC acquired a new stake in shares of FMC during the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.