TechnipFMC plc (NYSE:FTI) Stock Holdings Decreased by Raymond James & Associates

Raymond James & Associates reduced its position in TechnipFMC plc (NYSE:FTI) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 262,191 shares of the oil and gas company’s stock after selling 39,914 shares during the period. Raymond James & Associates owned about 0.06% of TechnipFMC worth $5,281,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FTI. Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after purchasing an additional 30,323,011 shares during the period. BlackRock Inc. boosted its holdings in shares of TechnipFMC by 87.8% during the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock worth $330,224,000 after purchasing an additional 9,287,344 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of TechnipFMC by 68,732.1% during the fourth quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company’s stock worth $85,987,000 after purchasing an additional 7,043,670 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of TechnipFMC by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock worth $718,398,000 after purchasing an additional 5,888,998 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after purchasing an additional 5,587,050 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FTI. TD Cowen raised their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research note on Friday, February 23rd. ATB Capital set a $30.00 target price on shares of TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.11.

TechnipFMC Trading Up 2.9 %

NYSE:FTI opened at $26.96 on Thursday. TechnipFMC plc has a 12 month low of $12.64 and a 12 month high of $27.26. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 224.64 and a beta of 1.65. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $22.64 and its 200-day moving average is $21.09.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. TechnipFMC’s revenue was up 22.6% compared to the same quarter last year. Equities analysts anticipate that TechnipFMC plc will post 1.16 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is currently 166.68%.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is currently owned by insiders.

About TechnipFMC

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.