Deutsche Bank AG Boosts Holdings in TechnipFMC plc (NYSE:FTI)

Deutsche Bank AG grew its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 92.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,777,040 shares of the oil and gas company's stock after purchasing an additional 1,334,555 shares during the period. Deutsche Bank AG owned approximately 0.65% of TechnipFMC worth $80,368,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position 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 acquiring an additional 414 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of TechnipFMC by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,184 shares of the oil and gas company's stock valued at $1,105,000 after purchasing an additional 744 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in TechnipFMC by 25.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 29,011 shares of the oil and gas company's stock worth $840,000 after purchasing an additional 5,960 shares during the period. Park Avenue Securities LLC bought a new position in TechnipFMC in the fourth quarter worth $519,000. Finally, Hennessy Advisors Inc. lifted its position in TechnipFMC by 6.7% during the fourth quarter. Hennessy Advisors Inc. now owns 404,740 shares of the oil and gas company's stock valued at $11,713,000 after buying an additional 25,300 shares during the period. 96.58% of the stock is owned by institutional investors.

Insider Activity at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the stock in a transaction that occurred 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 owns 140,207 shares in the company, valued at $3,722,495.85. This represents a 23.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 7,529 shares in the company, 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 worth $1,651,665 over the last quarter. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FTI shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Susquehanna dropped their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Evercore ISI raised their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Finally, Piper Sandler boosted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.83.

TechnipFMC Stock Up 0.7%

TechnipFMC stock opened at $29.90 on Monday. TechnipFMC plc has a 12 month low of $22.12 and a 12 month high of $33.45. The stock has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $29.12. 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 firm has a market cap of $12.53 billion, a price-to-earnings ratio of 19.67 and a beta of 0.98.

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

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. TechnipFMC's payout ratio is 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.

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