FMC (NYSE:FMC) Insider Sells $15,987.78 in Stock

FMC Corporation (NYSE:FMC) insider Nicholas Pfeiffer sold 1,251 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $12.78, for a total value of $15,987.78. Following the sale, the insider directly owned 28,513 shares of the company’s stock, valued at approximately $364,396.14. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

FMC Stock Performance

NYSE:FMC opened at $11.38 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.99 and a quick ratio of 1.48. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -0.52 and a beta of 0.41. The firm’s fifty day moving average price is $11.20 and its 200 day moving average price is $13.03. FMC Corporation has a 1-year low of $9.94 and a 1-year high of $38.68.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $841.40 million during the quarter, compared to the consensus estimate of $895.14 million. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. FMC’s quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts expect that FMC Corporation will post 1.27 EPS for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 30th. FMC’s payout ratio is currently -1.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FMC. IFP Advisors Inc lifted its position in shares of FMC by 99.0% during the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,356 shares during the period. Root Financial Partners LLC grew its holdings in shares of FMC by 3,642.9% in the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 1,785 shares during the period. Essential Partners LLC acquired a new stake in shares of FMC in the 1st quarter worth approximately $43,000. Nykredit A S purchased a new position in FMC in the 2nd quarter valued at approximately $55,000. Finally, Parallel Advisors LLC increased its stake in FMC by 297.2% in the 1st quarter. Parallel Advisors LLC now owns 6,264 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 4,687 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FMC. Barclays raised FMC from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Mizuho set a $16.00 price target on FMC in a research note on Tuesday, July 14th. Seaport Research Partners set a $21.00 price objective on FMC in a report on Tuesday, August 4th. KeyCorp assumed coverage on FMC in a research report on Friday. They issued an “overweight” rating and a $16.00 price objective for the company. Finally, Zacks Research downgraded FMC from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.38.

FMC News Summary

Here are the key news stories impacting FMC this week:

• Positive Sentiment: KeyCorp initiated coverage with an “overweight” rating and a $16 price target, implying roughly 40.6% upside from the recent trading level. The firm also projected FY2028 earnings of $2.05 per share, well above the current-year consensus estimate of $1.27, signaling expectations for a longer-term earnings recovery.
• Positive Sentiment: Analysts’ average price target is reported at $14.25, above FMC’s recent share price. The company also declared its regular $0.08 quarterly dividend, equal to $0.32 annually and an indicated yield of approximately 2.6%. FMC analyst price target report
• Neutral Sentiment: Corporate controller Nicholas Pfeiffer sold 1,251 shares for approximately $15,988, reducing his holdings by 4.2% while retaining 28,513 shares. The relatively small transaction is a modest negative signal but is unlikely to materially change the investment case. FMC insider sale SEC filing
• Negative Sentiment: FMC’s latest reported quarter showed revenue falling 17.5% year over year to $841.4 million, below analyst expectations, while earnings declined from the prior year. Its elevated debt-to-equity ratio of 2.38 and negative net margin remain additional risks.
• Neutral Sentiment: Reports about vulnerabilities in Cisco Secure FMC concern Cisco cybersecurity software, not FMC Corporation, and should not affect FMC shares. Similarly, news involving the Federal Maritime Commission or TechnipFMC relates to different entities.

About FMC

FMC Corporation is an agricultural sciences company that develops, manufactures and markets crop protection products. Its portfolio includes insecticides, herbicides, fungicides and other solutions designed to help farmers manage weeds, insects and plant diseases and improve crop productivity.

The company serves agricultural customers through a global commercial and research network, providing products for major crops such as cereals, corn, cotton, fruits, vegetables, rice and soybeans.