Brandywine Global Investment Management LLC Sells 10,751 Shares of TechnipFMC plc $FTI

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in TechnipFMC by 4.7% in Q1, now owning approximately $6.94 million worth of shares.
• TechnipFMC reported $0.68 earnings per share for the latest quarter, exceeding the consensus estimate of $0.57 and showing a 9% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.05 per share, with a yield of 0.6%, and a low dividend payout ratio of 9.43%.

Brandywine Global Investment Management LLC decreased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,889 shares of the oil and gas company's stock after selling 10,751 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.05% of TechnipFMC worth $6,937,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its position in TechnipFMC by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock valued at $1,220,288,000 after acquiring an additional 365,527 shares during the period. Ameriprise Financial Inc. lifted its position in TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock valued at $478,620,000 after acquiring an additional 3,962,315 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TechnipFMC by 2.1% during 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 acquiring an additional 202,599 shares during the period. Invesco Ltd. lifted its position in TechnipFMC by 18.0% during the 1st quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock valued at $236,371,000 after acquiring an additional 1,136,554 shares during the period. Finally, Anomaly Capital Management LP lifted its position in TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after acquiring an additional 2,306,342 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FTI has been the subject of a number of recent research reports. Evercore ISI lifted their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" 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 target price for the company. in a report on Thursday, May 22nd. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Susquehanna lifted their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Finally, Barclays lifted their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and a consensus price target of $38.92.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company'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 value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

TechnipFMC Stock Performance

NYSE FTI traded up $0.5160 during trading hours on Thursday, hitting $35.2760. 1,766,049 shares of the company's stock traded hands, compared to its average volume of 4,344,992. The business's fifty day moving average price is $34.91 and its two-hundred day moving average price is $31.05. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $14.50 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.12 and a beta of 1.04. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $38.05.

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, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 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.