Cerity Partners LLC Sells 299,461 Shares of TechnipFMC plc (NYSE:FTI)

Cerity Partners LLC lowered its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 48.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,974 shares of the oil and gas company's stock after selling 299,461 shares during the period. Cerity Partners LLC owned 0.08% of TechnipFMC worth $10,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Acuitas Investments LLC lifted its holdings in TechnipFMC by 13.4% during the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after buying an additional 400 shares during the period. KBC Group NV lifted its holdings in shares of TechnipFMC by 2.4% during the 1st quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock valued at $575,000 after purchasing an additional 429 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of TechnipFMC by 4.4% during the 4th quarter. Foundry Partners LLC now owns 13,601 shares of the oil and gas company's stock valued at $394,000 after purchasing an additional 577 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock valued at $91,000 after purchasing an additional 614 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in shares of TechnipFMC by 7.7% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock valued at $293,000 after purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Price Performance

Shares of FTI opened at $34.31 on Tuesday. The business's 50-day moving average is $32.64 and its two-hundred day moving average is $30.31. The company has a market capitalization of $14.38 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.20 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $35.86.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. TechnipFMC's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date was Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. BTIG Research reiterated a "neutral" rating on shares of TechnipFMC in a report on Monday. Barclays increased their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday. Finally, Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average price target of $37.31.

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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