TechnipFMC plc (NYSE:FTI) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of TechnipFMC plc (NYSE:FTI) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,836 shares of the oil and gas company’s stock after purchasing an additional 4,300 shares during the period. Janus Henderson Group PLC’s holdings in TechnipFMC were worth $5,611,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new position in TechnipFMC during the 4th quarter worth approximately $519,000. Merit Financial Group LLC acquired a new stake in shares of TechnipFMC in the 4th quarter valued at approximately $410,000. Ballentine Partners LLC boosted its stake in shares of TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 423 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in TechnipFMC during the fourth quarter worth $585,000. Finally, SG Americas Securities LLC raised its position in TechnipFMC by 23.8% in the fourth quarter. SG Americas Securities LLC now owns 18,929 shares of the oil and gas company’s stock worth $548,000 after acquiring an additional 3,635 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FTI shares. StockNews.com downgraded TechnipFMC from a “hold” rating to a “sell” rating in a report on Friday. Susquehanna reduced their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Piper Sandler boosted their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Insider Activity

In related news, CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company’s stock, valued at $3,722,495.85. This trade represents a 23.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 over the last 90 days. Insiders own 1.80% of the company’s stock.

TechnipFMC Price Performance

FTI stock opened at $31.33 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The stock’s 50 day moving average price is $28.11 and its 200 day moving average price is $29.30. The firm has a market cap of $13.13 billion, a P/E ratio of 20.61 and a beta of 0.98. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, sell-side analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.53%.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.