FMC Corporation (NYSE:FMC – Get Free Report)’s share price shot up 7.5% during trading on Wednesday . The stock traded as high as $12.66 and last traded at $12.4680. 530,660 shares changed hands during trading, a decline of 86% from the average session volume of 3,677,494 shares. The stock had previously closed at $11.60.
Analysts Set New Price Targets
Several research firms have recently commented on FMC. Mizuho reduced their target price on FMC from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Wells Fargo & Company increased their target price on FMC from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Wall Street Zen cut FMC from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their target price on FMC from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada dropped their price target on FMC from $17.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $20.21.
FMC Stock Performance
FMC (NYSE:FMC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.16. The business had revenue of $762.40 million for the quarter, compared to analyst estimates of $745.42 million. FMC had a positive return on equity of 10.53% and a negative net margin of 72.93%.The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities research analysts forecast that FMC Corporation will post 1.69 earnings per share for the current fiscal year.
FMC Dividend Announcement
The company also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. FMC’s dividend payout ratio is currently -1.60%.
Institutional Investors Weigh In On FMC
Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its position in FMC by 0.5% in the third quarter. Rhumbline Advisers now owns 293,690 shares of the basic materials company’s stock worth $9,877,000 after buying an additional 1,406 shares during the period. Glenmede Trust Co. NA increased its position in FMC by 14.9% in the first quarter. Glenmede Trust Co. NA now owns 12,427 shares of the basic materials company’s stock worth $214,000 after buying an additional 1,614 shares during the period. Root Financial Partners LLC increased its position in FMC by 3,642.9% in 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 period. Essential Partners LLC acquired a new stake in FMC in the first quarter worth $43,000. Finally, Cary Street Partners Financial LLC increased its position in FMC by 26.0% in the third quarter. Cary Street Partners Financial LLC now owns 18,173 shares of the basic materials company’s stock worth $611,000 after buying an additional 3,749 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.
About FMC
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.
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