Rothschild Investment LLC Boosts Stock Position in TechnipFMC plc $FTI

Rothschild Investment LLC increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 25,468.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,506 shares of the oil and gas company’s stock after purchasing an additional 11,461 shares during the period. Rothschild Investment LLC’s holdings in TechnipFMC were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 657 shares during the period. Geneos Wealth Management Inc. raised its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in TechnipFMC in the second quarter valued at about $44,000. McIlrath & Eck LLC lifted its position in TechnipFMC by 476.3% in the third quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,024 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in TechnipFMC during the third quarter worth about $51,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research analyst reports. Cowen reissued a “buy” rating on shares of TechnipFMC in a research note on Wednesday. BNP Paribas Exane raised TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Friday, October 10th. Jefferies Financial Group upped their price target on TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. TD Cowen lifted their price objective on TechnipFMC from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on TechnipFMC from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.46.

TechnipFMC Stock Performance

Shares of FTI stock opened at $50.06 on Friday. The company has a market cap of $20.25 billion, a P/E ratio of 22.35, a PEG ratio of 0.98 and a beta of 0.66. The firm has a fifty day moving average price of $45.01 and a 200 day moving average price of $39.73. The company has a current ratio of 1.13, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $50.44.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business earned $0.64 EPS. TechnipFMC’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, November 18th. TechnipFMC’s dividend payout ratio is currently 8.93%.

TechnipFMC announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the oil and gas company to purchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.