Calamos Wealth Management LLC Has $1.79 Million Position in TechnipFMC plc $FTI

Key Points

• Calamos Wealth Management LLC reduced its stake in TechnipFMC plc by 23.5%, holding 51,832 shares valued at approximately $1.79 million after selling 15,895 shares in the second quarter.
• TechnipFMC reported an earnings per share (EPS) of $0.68 for the latest quarter, which exceeded analysts' expectations of $0.57, alongside a quarterly revenue increase of 9% year-over-year.
• Multiple analysts have raised their price targets for TechnipFMC stock, with JPMorgan Chase lifting its target from $41 to $43, reflecting positive sentiment among market analysts.

Calamos Wealth Management LLC cut its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,832 shares of the oil and gas company's stock after selling 15,895 shares during the quarter. Calamos Wealth Management LLC's holdings in TechnipFMC were worth $1,785,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FTI. Farther Finance Advisors LLC grew its position in TechnipFMC by 346.7% during the first quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock worth $92,000 after buying an additional 2,219 shares in the last quarter. GAMMA Investing LLC grew its position in TechnipFMC by 27.0% during the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after buying an additional 614 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in TechnipFMC by 8.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 88,101 shares of the oil and gas company's stock worth $2,792,000 after buying an additional 6,947 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in TechnipFMC during the first quarter worth about $205,000. Finally, Flagship Harbor Advisors LLC grew its position in TechnipFMC by 20.0% during the first quarter. Flagship Harbor Advisors LLC now owns 10,353 shares of the oil and gas company's stock worth $328,000 after buying an additional 1,727 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

NYSE:FTI opened at $35.93 on Friday. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $41.29. The firm has a 50 day moving average of $37.64 and a 200-day moving average of $33.62. 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 stock has a market capitalization of $14.77 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. TechnipFMC's quarterly revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

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

Insider Activity

In related news, insider Thierry Conti sold 50,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Pferdehirt sold 632,539 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the completion of 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. Over the last three months, insiders have sold 885,984 shares of company stock worth $34,180,811. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FTI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on TechnipFMC from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Piper Sandler set a $48.00 price target on shares of TechnipFMC and gave the stock an "overweight" rating in a research note on Tuesday. Susquehanna raised their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Finally, Evercore ISI raised their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $41.93.

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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