Kera Capital Partners Inc. Takes Position in TechnipFMC plc $FTI

Key Points

• Kera Capital Partners Inc. purchased 7,078 shares of TechnipFMC plc, valued at approximately $244,000, in the second quarter.
• Several hedge funds increased their stakes in TechnipFMC, with Ameriprise Financial Inc. and AQR Capital Management LLC making significant purchases, highlighting a strong interest from institutional investors.
• TechnipFMC recently declared a quarterly dividend of $0.05, representing an annualized yield of 0.5%, with a payout ratio of 9.43%.

Kera Capital Partners Inc. acquired a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,078 shares of the oil and gas company's stock, valued at approximately $244,000.

Several other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in TechnipFMC by 9.0% during the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock valued at $571,583,000 after acquiring an additional 1,492,746 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TechnipFMC by 2.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,952,064 shares of the oil and gas company's stock valued at $315,381,000 after buying an additional 202,599 shares during the period. AQR Capital Management LLC grew its stake in shares of TechnipFMC by 111.4% in the 1st quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock valued at $273,078,000 after buying an additional 4,602,939 shares during the period. Invesco Ltd. boosted its position in shares of TechnipFMC by 18.0% during the 1st quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock worth $236,371,000 after purchasing an additional 1,136,554 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of TechnipFMC by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,124,326 shares of the oil and gas company's stock worth $162,390,000 after purchasing an additional 910,891 shares during the period. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded down $0.20 during midday trading on Friday, hitting $39.03. The stock had a trading volume of 989,657 shares, compared to its average volume of 4,722,139. The company has a market capitalization of $16.04 billion, a PE ratio of 18.42, a P/E/G ratio of 1.26 and a beta of 1.10. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $41.29. The stock has a 50 day moving average price of $36.34 and a two-hundred day moving average price of $32.23. 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 (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.5%. TechnipFMC's dividend payout ratio is 9.43%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the sale, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FTI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays increased their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research report on Thursday, May 22nd. Susquehanna raised their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada raised their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

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.