TechnipFMC plc $FTI Shares Purchased by Amundi

Key Points

• Amundi increased its ownership of TechnipFMC plc by 0.9%, acquiring 20,887 shares to reach a total of 2,277,611 shares worth approximately $67.17 million.
• Analysts are optimistic about TechnipFMC, with Citigroup and Barclays raising their price targets to $41.00 and $51.00, respectively, while the stock holds a consensus rating of "Moderate Buy."
• The company reported a strong quarterly performance with earnings per share of $0.68, surpassing expectations and showing a year-over-year revenue increase of 9.0%.

Amundi boosted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,277,611 shares of the oil and gas company's stock after buying an additional 20,887 shares during the quarter. Amundi owned 0.54% of TechnipFMC worth $67,167,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of TechnipFMC by 1.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 65,541 shares of the oil and gas company's stock worth $1,897,000 after purchasing an additional 1,231 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of TechnipFMC in the 4th quarter worth about $375,000. Bank of America Corp DE increased its position in shares of TechnipFMC by 90.6% in the 4th quarter. Bank of America Corp DE now owns 2,026,516 shares of the oil and gas company's stock worth $58,647,000 after purchasing an additional 963,513 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of TechnipFMC by 92.2% in the 4th quarter. Baird Financial Group Inc. now owns 131,376 shares of the oil and gas company's stock worth $3,802,000 after purchasing an additional 63,009 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of TechnipFMC by 54.0% in the 4th quarter. Captrust Financial Advisors now owns 62,731 shares of the oil and gas company's stock worth $1,815,000 after purchasing an additional 21,990 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded down $0.47 during trading on Friday, reaching $39.83. 5,681,535 shares of the company's stock traded hands, compared to its average volume of 7,086,263. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $41.29. The company has a 50 day moving average of $36.02 and a 200-day moving average of $31.94. The stock has a market capitalization of $16.37 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data 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. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on FTI. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Susquehanna boosted their target price 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. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Finally, Barclays boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.92.

Insider Transactions at TechnipFMC

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 transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

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.