TechnipFMC plc $FTI Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Robeco Institutional Asset Management B.V. grew its position in TechnipFMC plc (NYSE:FTI) by 71.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,140 shares of the oil and gas company’s stock after purchasing an additional 242,031 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.15% of TechnipFMC worth $39,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of TechnipFMC during the 1st quarter valued at $26,000. Coppell Advisory Solutions LLC acquired a new stake in shares of TechnipFMC in the 2nd quarter worth $35,000. Ascentis Independent Advisors acquired a new stake in shares of TechnipFMC in the 1st quarter worth $37,000. Keating Financial Advisory Services Inc. purchased a new position in TechnipFMC during the 2nd quarter worth $37,000. Finally, Ameritas Advisory Services LLC purchased a new position in TechnipFMC during the 2nd quarter worth $44,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTI has been the topic of several recent analyst reports. UBS Group started coverage on TechnipFMC in a research report on Monday, October 12th. They set a “buy” rating and a $89.00 target price on the stock. Citigroup raised their price target on TechnipFMC from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Barclays dropped their price target on TechnipFMC from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Susquehanna cut their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $74.83.

Insider Buying and Selling at TechnipFMC

In related news, insider Thierry Conti sold 6,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $71.85, for a total transaction of $431,100.00. Following the completion of the transaction, the insider owned 85,813 shares of the company’s stock, valued at $6,165,664.05. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Mullins bought 6,365 shares of TechnipFMC stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $78.55 per share, with a total value of $499,970.75. Following the acquisition, the director owned 8,070 shares of the company’s stock, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

TechnipFMC Stock Down 4.8%

TechnipFMC stock opened at $66.64 on Friday. The business’s 50-day simple moving average is $73.37 and its two-hundred day simple moving average is $71.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The company has a market cap of $26.13 billion, a PE ratio of 23.14, a PEG ratio of 1.12 and a beta of 0.83. TechnipFMC plc has a fifty-two week low of $38.13 and a fifty-two week high of $80.70.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that TechnipFMC plc will post 3.20 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio is 6.94%.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.