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Michael Finian Reilly, Executive Vice President, General Counsel, and Secretary of FMC Corp (NYSE:FMC), recently reported transactions involving the company's common stock. On January 23, 2025, Reilly sold 2,958 shares at a price of $55.25 per share, amounting to a total of $163,429. According to InvestingPro data, FMC currently trades at a P/E ratio of 4.79 and has a market capitalization of $6.96 billion.
In addition to the sale, Reilly also exercised stock options to acquire 2,958 shares at a price of $54.89 per share, totaling $162,364. Following these transactions, Reilly now holds 25,468 shares directly. These transactions come as InvestingPro analysis indicates the stock is currently undervalued, with five analysts recently revising their earnings expectations downward.
Reilly's transactions were part of a pre-arranged trading plan, as indicated in the filing. The transactions reflect his ongoing involvement in managing his equity stake in the company amidst FMC Corp's operations in the chemicals and allied products sector. Investors should note that FMC is scheduled to report its next earnings on February 4, 2025, which could provide further insights into the company's financial health.
In other recent news, FMC Corporation reported a 9% increase in sales growth and a 12% rise in organic sales growth in the third quarter of 2024. The company anticipates a 19% increase in sales and a 32% rise in EBITDA for the fourth quarter of the same year. Barclays (LON:BARC) analyst Benjamin Theurer upgraded FMC's stock rating to Overweight, suggesting a 30% potential rise in value. Concurrently, BofA Securities shifted its stance on FMC, upgrading the stock from Underperform to Neutral, citing potential for sharp earnings growth.
FMC has also made strategic moves, such as the planned sale of its Global Specialty Solutions business for $350 million, which will impact revenue and EBITDA. The company appointed Anthony DiSilvestro to its Board of Directors, bringing extensive financial expertise to the team. Furthermore, FMC unveiled a new executive severance plan as part of its ongoing efforts to manage executive transitions and provide structured compensation arrangements for its leadership team.
These are the recent developments for FMC Corporation, which is targeting around 6% revenue growth for 2025, with potential cost favorability reaching $200 million. The company plans to introduce four new active ingredients and is targeting $125 million to $150 million in cost savings from restructuring in 2024.
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