Brooklyn Investment Group Boosts Holdings in TechnipFMC plc $FTI

Brooklyn Investment Group lifted its stake in TechnipFMC plc (NYSE:FTI) by 2,216.1% in the 1st quarter, HoldingsChannel reports. The firm owned 2,154 shares of the oil and gas company’s stock after buying an additional 2,061 shares during the quarter. Brooklyn Investment Group’s holdings in TechnipFMC were worth $68,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Financial Network Wealth Advisors LLC increased its stake in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of TechnipFMC by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock worth $238,000 after acquiring an additional 362 shares during the period. Acuitas Investments LLC grew its stake in shares of TechnipFMC by 13.4% in the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 400 shares during the period. KBC Group NV grew its stake in shares of TechnipFMC by 2.4% in the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company’s stock worth $575,000 after acquiring an additional 429 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock worth $91,000 after buying an additional 614 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FTI shares. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Royal Bank Of Canada boosted their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Citigroup reiterated a “buy” rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. BTIG Research cut shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.92.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director directly owned 62,978 shares of the company’s stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Trading Up 2.2%

NYSE FTI opened at $36.0840 on Friday. The company’s 50-day moving average price is $34.95 and its 200-day moving average price is $31.12. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $14.83 billion, a PE ratio of 17.02, a PEG ratio of 1.13 and a beta of 1.04. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $38.05.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. TechnipFMC’s dividend payout ratio is 9.43%.

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.