Who Owns FMC Company?

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Who Owns FMC Corporation?

Understanding FMC Corporation's ownership is key to grasping its strategic direction and market impact. Recent events, like the November 2024 divestiture of its Global Specialty Solutions business to Envu, underscore how structural changes reshape its core focus.

FMC Corporation, a global leader in agricultural sciences, traces its roots back to 1883. Its evolution reflects a consistent drive for innovation in crop protection, a commitment evident in its diverse product portfolio, which includes solutions like those analyzed in the FMC BCG Matrix.

As of July 25, 2025, FMC Corporation, with a market capitalization of $5.40 billion and approximately 5,700 employees globally, is a publicly traded entity. Its ownership structure is primarily determined by its shareholders, with institutional investors holding a significant portion of its stock. The Board of Directors oversees the company's strategic decisions and governance, ensuring alignment with shareholder interests and the company's long-term vision.

The origins of FMC Corporation trace back to 1883 with chemist John Bean and the Bean Spray Pump Company in Los Gatos, California. Bean's innovative piston pump for insecticide application in fruit orchards formed the company's initial product. While precise early ownership details are scarce, the company was built on Bean's invention and his efforts to establish it as a leading pump in the region.

Founding Innovation

John Bean's invention of a piston pump in 1883 was the bedrock of the company. This innovation addressed a critical need in fruit orchards for effective insecticide application.

Early Leadership Transition

John Bean, not primarily a businessman, passed leadership to his son-in-law, David Christian Crummey. This early transition set the stage for future management and growth.

Expansion and Name Change

In 1928, the Bean Spray Pump Company acquired Anderson-Barngrover Co. and Sprague-Sells Co. This led to the name change to Food Machinery Corporation, or FMC, signifying a broader focus.

Navigating Economic Challenges

Under the influence of John David Crummey and his son-in-law Paul L. Davies, the company diversified into areas like inexpensive pumps. This strategy proved vital during the Great Depression.

Foundation for Growth

This early diversification beyond agricultural equipment laid the groundwork for FMC's future resilience and expansion. It demonstrated an ability to adapt to market conditions.

Merger Impact

The 1928 merger was a pivotal moment, transforming the company's scope and market presence. It marked a significant step in its evolution from a single-product entity.

The 1928 merger, which saw the Bean Spray Pump Company acquire Anderson-Barngrover Co. and Sprague-Sells Co., was a transformative event. This consolidation led to the adoption of the name Food Machinery Corporation, later abbreviated to FMC. This strategic move expanded the company's operations significantly into the food processing and canning machinery sectors. The leadership transitioned from John Bean to his son-in-law, David Christian Crummey, and subsequently to Crummey's son, John David Crummey. Paul L. Davies, John David Crummey's son-in-law, also played a critical role in guiding the company through the Great Depression by strategically expanding its product lines, including the development of more affordable pumps. This early diversification was instrumental in building FMC's resilience and setting the stage for its future growth, moving beyond its initial agricultural focus.

Early Corporate Evolution

The journey from the Bean Spray Pump Company to Food Machinery Corporation involved strategic acquisitions and a broadening of its business scope. This evolution was driven by a focus on innovation and market adaptation.

• Founded in 1883 as Bean Spray Pump Company.
• John Bean invented the piston pump for spraying.
• Acquired Anderson-Barngrover Co. and Sprague-Sells Co. in 1928.
• Renamed Food Machinery Corporation (FMC) after the 1928 merger.
• Expanded into food processing and canning machinery.
• Diversified into pumps during the Great Depression.

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FMC Corporation's ownership structure has been shaped by significant strategic shifts, including the spin-off of its machinery division and key acquisitions in the agricultural sector. These events have redefined the company's focus and, consequently, its shareholder base over time.

FMC Corporation is a publicly traded company with a long history on the New York Stock Exchange, indicating a broad distribution of its ownership. As of March 30, 2025, institutional investors are the dominant shareholders, collectively holding a significant majority of the company's stock. This concentration of ownership among large financial entities influences the company's strategic direction and governance.

Key Shareholders and Market Performance

Institutional investors are the primary holders of FMC Corporation stock, with BlackRock, Inc. and The Vanguard Group, Inc. leading the way. The company's stock experienced a notable decline between July 2024 and July 2025.

• BlackRock, Inc. holds 14.71% of FMC Corporation shares.
• The Vanguard Group, Inc. owns 11.75% of the company's stock.
• Mutual funds and ETFs collectively manage 50.99% of outstanding shares.
• FMC Corporation's stock price decreased by 28.08% from July 29, 2024, to July 28, 2025.
• The company has been listed on the NYSE for over 75 years.

FMC Corporation's evolution has been marked by strategic divestitures and acquisitions. The 2001 spin-off of its machinery businesses into FMC Technologies, Inc. (now part of TechnipFMC) allowed FMC Corporation to concentrate on its chemical operations. More recently, the acquisitions of Cheminova in 2015 and DuPont's Crop Protection Business in 2017 significantly bolstered its standing in the agricultural solutions market, impacting its overall Competitors Landscape of FMC and its ownership profile.

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FMC Corporation's Board of Directors is tasked with guiding the company's strategic direction and ensuring its operational integrity. The board comprises 11 directors, each serving a one-year term that concludes at the next annual meeting of stockholders. As of March 14, 2025, the nominees for director positions included a slate of experienced individuals, with Pierre Brondeau also holding the role of Chief Executive Officer since June 2024.

The average tenure of the current directors is approximately seven years, reflecting a seasoned board. FMC Corporation typically operates under a standard one-share-one-vote structure, meaning each share of common stock grants its holder a single vote on matters presented for shareholder approval. The company engages in an annual shareholder outreach program to solicit feedback, which is then incorporated into the board's discussions with management and detailed in the annual Proxy Statement. The 2025 Annual Meeting of Stockholders, held on April 29, 2025, was a key event where stockholders were presented with the opportunity to elect thirteen directors, underscoring the importance of shareholder participation in the Target Market of FMC.

FMC Corporation Governance and Shareholder Influence

FMC Corporation's corporate governance framework emphasizes shareholder engagement and director accountability. The board actively seeks and considers shareholder feedback to inform its strategic decisions and oversight responsibilities.

• Annual election of directors ensures shareholder oversight.
• Shareholder outreach process provides a channel for feedback.
• Standard one-share-one-vote structure promotes equitable voting rights.
• The board's average tenure of seven years indicates experienced leadership.

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Recent strategic divestitures and shifts in institutional holdings have marked significant developments for FMC Corporation over the past 12-18 months. The sale of its Global Specialty Solutions business and the planned divestiture of its India commercial operations are key events reshaping its operational focus and ownership landscape.

Institutional investors maintain a strong presence in FMC Corporation's ownership structure, collectively holding 91.86% of the company's stock as of the first quarter of 2025. Several institutions have recently increased their stakes, indicating growing confidence. Bryce Point Capital LLC, for example, boosted its holdings by 63.6%, adding 7,325 shares. Mirae Asset Global Investments Co. Ltd. saw a substantial increase of 608.3%, acquiring an additional 87,368 shares.

Institutional Investor Activity (Q1 2025)

Several institutional investors significantly increased their positions in FMC Corporation during the first quarter of 2025. This trend highlights a growing interest and investment in the company's future prospects.

Strategic Divestitures and Focus

FMC Corporation has strategically divested certain business segments to concentrate on its core agricultural operations. This move is aimed at streamlining operations and enhancing its market position in its primary sector.

Financial Performance Outlook

The company projects full-year 2025 adjusted EBITDA between $870 million and $950 million, with adjusted EPS anticipated to range from $3.26 to $3.70. Revenue guidance, excluding India, is set between $4.08 billion and $4.28 billion.

Key Financial Metrics

FMC reported $4.25 billion in revenue for the full year 2024, a 5% decrease from 2023. For the second quarter of 2025, revenue reached $1.05 billion, marking a 1% increase year-over-year, with 2% organic growth.

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