Barlow Wealth Partners Inc. Takes $13.04 Million Position in TechnipFMC plc $FTI

Key Points

• Barlow Wealth Partners Inc. has acquired a new position in TechnipFMC plc, purchasing 376,462 shares valued at approximately $13.04 million, representing a 0.09% ownership stake in the company.
• A significant insider trading activity was noted as CEO Douglas J. Pferdehirt sold 632,539 shares worth about $24.43 million, leading to a 17.82% decrease in his holdings.
• TechnipFMC has received multiple upgrades from analysts, with Barclays raising the price target from $45.00 to $51.00 and other firms also increasing their valuations, reflecting positive sentiment in the market.

Barlow Wealth Partners Inc. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 376,462 shares of the oil and gas company's stock, valued at approximately $13,041,000. Barlow Wealth Partners Inc. owned 0.09% of TechnipFMC at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in TechnipFMC by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after purchasing an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in TechnipFMC in the 1st quarter worth $205,000. Credit Agricole S A raised its holdings in TechnipFMC by 170.3% in the 1st quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company's stock worth $2,982,000 after purchasing an additional 59,281 shares during the period. Stephens Investment Management Group LLC raised its holdings in TechnipFMC by 0.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after purchasing an additional 27,884 shares during the period. Finally, OMNI 360 Wealth Inc. bought a new position in TechnipFMC in the 2nd quarter worth $226,000. 96.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TechnipFMC news, insider Thierry Conti sold 50,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the transaction, the insider owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Pferdehirt sold 632,539 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.62, for a total value of $24,428,656.18. Following the transaction, the chief executive officer owned 2,917,054 shares of the company's stock, valued at $112,656,625.48. This trade represents a 17.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 885,984 shares of company stock worth $34,180,811 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FTI. Barclays increased their price target on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. BNP Paribas Exane upgraded TechnipFMC from a "neutral" rating to an "outperform" rating and set a $47.00 price target for the company in a research note on Friday, October 10th. BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Royal Bank Of Canada raised their price objective on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Susquehanna raised their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.93.

TechnipFMC Stock Down 0.9%

Shares of NYSE:FTI opened at $35.67 on Thursday. 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 12 month low of $22.11 and a 12 month high of $41.29. The company has a 50-day moving average price of $37.61 and a 200 day moving average price of $33.56. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.15 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm earned $0.43 EPS. The firm'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. As a group, equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's payout ratio is 9.43%.

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.

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