TechnipFMC (NYSE:FTI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a report published on Thursday.

Several other analysts have also commented on FTI. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 price target on the stock. TD Cowen reiterated a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Piper Sandler upped their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Barclays lifted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group raised shares of 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 report on Friday, December 6th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.31.

TechnipFMC Trading Down 0.2 %

Shares of FTI stock opened at $31.18 on Thursday. TechnipFMC has a twelve month low of $22.99 and a twelve month high of $33.45. The company has a market capitalization of $13.11 billion, a P/E ratio of 20.51 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $29.56 and its two-hundred day moving average is $28.90.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.64%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Insider Buying and Selling at TechnipFMC

In related news, 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 transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently added to or reduced their stakes in the stock. Baker Tilly Wealth Management LLC raised its holdings in shares of TechnipFMC by 4.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock worth $248,000 after buying an additional 338 shares during the period. Yousif Capital Management LLC grew its position in TechnipFMC by 4.6% in the 4th 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 last quarter. Sigma Planning Corp grew its holdings in shares of TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 363 shares during the last quarter. GAMMA Investing LLC lifted its holdings in TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after buying an additional 414 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in TechnipFMC by 3.8% in the 4th 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 during the period. Institutional investors own 96.58% of the company’s stock.

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.