Beck Bode LLC Makes New Investment in TechnipFMC plc (NYSE:FTI)

Beck Bode LLC purchased a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,492 shares of the oil and gas company's stock, valued at approximately $854,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC increased its position in TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after purchasing an additional 338 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of TechnipFMC by 4.6% during 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 in the last quarter. Sigma Planning Corp increased its holdings in TechnipFMC by 3.3% in the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC raised its position in TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock valued at $66,000 after purchasing an additional 414 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of TechnipFMC by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 423 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction 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 sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. The trade was a 57.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock valued at $1,651,665 in the last quarter. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FTI shares. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Susquehanna reduced their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Barclays raised their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.83.

TechnipFMC Stock Performance

Shares of NYSE FTI traded down $0.06 during trading on Tuesday, reaching $29.20. The stock had a trading volume of 3,647,631 shares, compared to its average volume of 3,996,266. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a one year low of $22.12 and a one year high of $33.45. The firm's 50 day moving average price is $27.52 and its two-hundred day moving average price is $29.01. The stock has a market cap of $12.24 billion, a PE ratio of 19.21 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. TechnipFMC's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. On average, research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. TechnipFMC's dividend payout ratio is currently 10.53%.

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.