Hillsdale Investment Management Inc. Boosts Stock Position in TechnipFMC plc (NYSE:FTI)

Hillsdale Investment Management Inc. grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 30,000 shares of the oil and gas company’s stock after acquiring an additional 1,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in TechnipFMC were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Natixis Advisors LLC raised its stake in shares of TechnipFMC by 14.6% during the third quarter. Natixis Advisors LLC now owns 109,330 shares of the oil and gas company’s stock valued at $2,868,000 after acquiring an additional 13,889 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of TechnipFMC by 1.5% during the third quarter. Pathstone Holdings LLC now owns 113,624 shares of the oil and gas company’s stock valued at $2,980,000 after purchasing an additional 1,714 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in TechnipFMC by 12.6% during the third quarter. PNC Financial Services Group Inc. now owns 213,539 shares of the oil and gas company’s stock worth $5,601,000 after buying an additional 23,893 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in TechnipFMC by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,399,822 shares of the oil and gas company’s stock worth $89,177,000 after buying an additional 219,081 shares during the period. Finally, Cerity Partners LLC boosted its position in TechnipFMC by 121.3% during the third quarter. Cerity Partners LLC now owns 908,936 shares of the oil and gas company’s stock valued at $23,841,000 after purchasing an additional 498,137 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Light sold 10,147 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares of the company’s stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $29.31 on Monday. The firm has a market cap of $12.33 billion, a PE ratio of 19.28 and a beta of 1.54. The business has a 50-day moving average price of $29.74 and a 200 day moving average price of $28.70. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a twelve month low of $22.99 and a twelve month high of $33.45.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. TechnipFMC’s dividend payout ratio (DPR) is 10.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 price objective on the stock. Evercore ISI increased their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. TD Cowen reiterated a “buy” rating and set 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 increased their price objective for the company from $29.00 to $40.00 in a report on Friday, December 6th. Finally, Barclays raised their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $36.31.

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.