John Mitchell Raines Purchases 7,000 Shares of FMC (NYSE:FMC) Stock

FMC Corporation (NYSE:FMC) Director John Mitchell Raines acquired 7,000 shares of FMC stock in a transaction on Thursday, November 13th. The stock was acquired at an average cost of $13.77 per share, for a total transaction of $96,390.00. Following the purchase, the director owned 13,784 shares of the company’s stock, valued at approximately $189,805.68. This represents a 103.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FMC Price Performance

Shares of NYSE:FMC traded up $0.09 during midday trading on Friday, reaching $13.73. The company’s stock had a trading volume of 615,125 shares, compared to its average volume of 2,918,298. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. FMC Corporation has a fifty-two week low of $12.87 and a fifty-two week high of $61.26. The company has a market capitalization of $1.72 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.09 and a beta of 0.72. The business’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $36.30.

FMC (NYSE:FMC) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $542.20 million for the quarter, compared to the consensus estimate of $1.08 billion. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company’s revenue was down 49.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. FMC has set its Q4 2025 guidance at 1.140-1.360 EPS. FY 2025 guidance at 2.920-3.140 EPS. As a group, equities research analysts expect that FMC Corporation will post 3.48 EPS for the current fiscal year.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oak Thistle LLC grew its position in shares of FMC by 5.5% during the 1st quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 398 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of FMC by 4.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,291 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 442 shares during the period. Creative Financial Designs Inc. ADV increased 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 purchasing an additional 524 shares during the period. First National Advisers LLC raised its stake in FMC by 1.8% in the first quarter. First National Advisers LLC now owns 29,352 shares of the basic materials company’s stock valued at $1,239,000 after purchasing an additional 525 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of FMC by 19.5% during the 1st quarter. Covestor Ltd now owns 3,640 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 593 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of several research reports. UBS Group cut their target price on FMC from $36.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Mizuho cut their price objective on shares of FMC from $49.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 9th. KeyCorp reaffirmed a “sector weight” rating on shares of FMC in a research report on Friday, October 31st. Bank of America raised shares of FMC from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $33.00 in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FMC in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.25.

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.