Captrust Financial Advisors Purchases 21,990 Shares of TechnipFMC plc (NYSE:FTI)

Captrust Financial Advisors raised its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,731 shares of the oil and gas company's stock after buying an additional 21,990 shares during the quarter. Captrust Financial Advisors' holdings in TechnipFMC were worth $1,815,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC in the fourth quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC in the fourth quarter worth $46,000. EverSource Wealth Advisors LLC raised its stake in shares of TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after purchasing an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. StockNews.com downgraded shares of TechnipFMC from a "hold" rating to a "sell" rating in a research note on Friday. Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna reduced their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.83.

TechnipFMC Price Performance

FTI stock traded down $0.22 during trading on Friday, hitting $31.33. The stock had a trading volume of 2,841,246 shares, compared to its average volume of 4,018,272. The company's 50 day moving average price is $28.11 and its two-hundred day moving average price is $29.30. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 20.61 and a beta of 0.98. 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 (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company earned $0.22 EPS. The company's revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This trade represents a 57.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $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 have sold 61,706 shares of company stock worth $1,651,665 over the last ninety days. 1.80% of the stock is 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.