Carvalho Filho Eleazar De Sells 9,381 Shares of TechnipFMC plc (NYSE:FTI) Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares of the company’s stock, valued at $3,004,301.76. The trade was a 8.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TechnipFMC Price Performance

FTI stock traded up $0.54 during midday trading on Tuesday, reaching $30.38. The company had a trading volume of 3,626,511 shares, compared to its average volume of 3,756,314. The stock has a 50 day moving average price of $29.69 and a 200-day moving average price of $28.73. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 19.99 and a beta of 1.54. TechnipFMC plc has a 1-year low of $22.99 and a 1-year high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. TechnipFMC’s payout ratio is currently 10.42%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays boosted their price objective on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. TD Cowen reaffirmed a “buy” rating and issued a $37.00 price objective on shares of TechnipFMC in a research note on Wednesday, November 27th. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. Evercore ISI upped their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group started coverage on TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $36.31.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTI. Baker Tilly Wealth Management LLC boosted its stake in TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 338 shares during the period. Yousif Capital Management LLC increased its position in shares of TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 357 shares during the period. Sigma Planning Corp increased its position in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 363 shares during the period. GAMMA Investing LLC lifted its stake in shares of TechnipFMC by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 414 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 423 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

TechnipFMC Company Profile

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.