Canada Pension Plan Investment Board Has $13.39 Million Stake in TechnipFMC plc $FTI

Key Points

• The Canada Pension Plan Investment Board increased its stake in TechnipFMC plc by 46.8% during the first quarter, acquiring a total of 422,500 shares valued at approximately $13.39 million.
• TechnipFMC has received positive ratings from analysts, with Susquehanna raising its target price to $45.00 and Barclays to $51.00, while the stock maintains a consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 0.5%, with a payout ratio of 9.43%.

Canada Pension Plan Investment Board raised its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 46.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,500 shares of the oil and gas company's stock after buying an additional 134,700 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of TechnipFMC worth $13,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in TechnipFMC during the fourth quarter valued at approximately $257,000. The Manufacturers Life Insurance Company grew its holdings 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 valued at $1,897,000 after buying an additional 1,231 shares during the period. Northern Trust Corp grew its holdings in shares of TechnipFMC by 34.4% in the 4th quarter. Northern Trust Corp now owns 2,658,740 shares of the oil and gas company's stock valued at $76,944,000 after buying an additional 681,180 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of TechnipFMC in the 4th quarter valued at $375,000. Finally, Ameriprise Financial Inc. raised its stake 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 worth $478,620,000 after buying an additional 3,962,315 shares during the period. 96.58% of the stock is owned by institutional investors.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was 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 approximately $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Susquehanna boosted their target price on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted 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. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Barclays raised their price objective 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 investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.92.

TechnipFMC Price Performance

NYSE FTI opened at $36.78 on Tuesday. The firm's 50 day moving average is $35.15 and its 200-day moving average is $31.36. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $15.12 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued 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 net margin of 9.60% and a return on equity of 29.42%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $0.43 EPS. The company's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. 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.

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