FMC Technologies VP Sells $444,463 in Stock (FTI)
FMC Technologies (NYSE:FTI) VP Mark Joseph Scott sold 7,355 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.43, for a total transaction of $444,462.65. Following the transaction, the vice president now directly owns 61,446 shares in the company, valued at approximately $3,713,182. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FTI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of FMC Technologies in a research note on Wednesday, July 30th. They now have a $66.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of FMC Technologies from $67.00 to $73.00 in a research note on Monday, July 28th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of FMC Technologies in a research note on Thursday, July 24th. They now have a $72.00 price target on the stock, up previously from $60.00. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $68.32.
FMC Technologies (NYSE:FTI) traded up 1.27% on Tuesday, hitting $61.36. The stock had a trading volume of 326,469 shares. FMC Technologies has a one year low of $47.58 and a one year high of $63.92. The stock has a 50-day moving average of $60.84 and a 200-day moving average of $56.52. The company has a market cap of $14.411 billion and a price-to-earnings ratio of 22.04.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.81 EPS for the current fiscal year.
FMC Technologies, Inc designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry.
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