13,586 Shares in TechnipFMC plc $FTI Purchased by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC acquired a new stake in TechnipFMC plc, purchasing 13,586 shares valued at approximately $431,000 in the first quarter.
• TechnipFMC reported $0.68 earnings per share for the last quarter, beating analysts' expectations, with revenue increasing 9.0% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, with an annualized yield of 0.6%, set to be paid on September 3rd.

Kaufman Rossin Wealth LLC bought a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,586 shares of the oil and gas company's stock, valued at approximately $431,000.

Several other institutional investors also recently added to or reduced their stakes in FTI. New York State Teachers Retirement System bought a new stake in shares of TechnipFMC in the first quarter valued at approximately $33,000. Financial Network Wealth Advisors LLC raised its stake in TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 346 shares during the last quarter. Brooklyn Investment Group raised its stake in TechnipFMC by 2,216.1% during the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 2,061 shares during the last quarter. Quarry LP grew its position in TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock worth $92,000 after purchasing an additional 2,219 shares during the period. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Performance

NYSE:FTI opened at $34.70 on Thursday. The stock has a market capitalization of $14.26 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $38.05. The firm has a 50 day moving average of $34.91 and a 200-day moving average of $31.05.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. TechnipFMC's dividend payout ratio is currently 9.43%.

Insiders Place Their Bets

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company's stock, valued at approximately $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of recent research reports. BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Susquehanna upped their target price on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Evercore ISI raised their target price on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC 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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