TechnipFMC plc $FTI Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 33.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,762,401 shares of the oil and gas company's stock after selling 897,762 shares during the quarter. Alliancebernstein L.P. owned approximately 0.42% of TechnipFMC worth $55,850,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in TechnipFMC by 9.0% in 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 purchasing an additional 1,492,746 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of TechnipFMC by 2.1% in the first 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 last quarter. AQR Capital Management LLC raised its position in shares of TechnipFMC by 111.4% in the first 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 last quarter. Invesco Ltd. raised its position in shares of TechnipFMC by 18.0% in the first quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock valued at $236,371,000 after buying an additional 1,136,554 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in TechnipFMC by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,761,185 shares of the oil and gas company's stock valued at $119,192,000 after purchasing an additional 111,644 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on FTI. Barclays upped their target price on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Citigroup reaffirmed a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Susquehanna upped their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction that occurred on 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 sale, the director owned 62,978 shares of the company's stock, valued at $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

TechnipFMC Stock Down 0.5%

NYSE FTI traded down $0.21 during trading hours on Friday, hitting $40.10. The company had a trading volume of 1,927,083 shares, compared to its average volume of 4,721,039. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The firm's 50 day moving average is $35.92 and its 200 day moving average is $31.85.

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

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a $0.05 dividend. 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 (DPR) is 9.43%.

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.