Charles Schwab Investment Management Inc. Has $119.19 Million Stake in TechnipFMC plc (NYSE:FTI)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in TechnipFMC plc by 3.1%, owning 3,761,185 shares worth approximately $119.2 million at the end of the last quarter.
• TechnipFMC reported earnings of $0.68 per share, exceeding expectations, with a 9% year-over-year revenue increase, amounting to $2.53 billion for the quarter.
• The company recently declared a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.6%.

Charles Schwab Investment Management Inc. lifted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,761,185 shares of the oil and gas company's stock after acquiring an additional 111,644 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of TechnipFMC worth $119,192,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in TechnipFMC by 31.5% during the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after purchasing an additional 3,962,315 shares during the period. Anomaly Capital Management LP boosted its holdings in TechnipFMC by 46.5% in the fourth 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 last quarter. AQR Capital Management LLC raised its position in shares of TechnipFMC by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock worth $119,602,000 after purchasing an additional 1,710,183 shares during the period. Deutsche Bank AG lifted its holdings in shares of TechnipFMC by 92.5% in the 4th quarter. Deutsche Bank AG now owns 2,777,040 shares of the oil and gas company's stock worth $80,368,000 after purchasing an additional 1,334,555 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in TechnipFMC in the 4th quarter valued at $36,567,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded down $0.36 during trading on Friday, hitting $35.24. 988,334 shares of the company were exchanged, compared to its average volume of 4,381,206. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $38.05. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.15 and a beta of 1.04. The firm has a 50 day moving average price of $34.76 and a 200 day moving average price of $30.92.

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 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 the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%. TechnipFMC's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities analysts expect 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. Stockholders of record on Tuesday, August 19th will be paid 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 9.43%.

Wall Street Analysts Forecast Growth

FTI has been the subject of several analyst reports. Citigroup restated a "buy" rating and issued a $41.00 target price (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Barclays lifted 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. BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Thursday, May 22nd. Finally, Susquehanna boosted their target price on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average price target of $38.92.

Insider Activity

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

TechnipFMC Company Profile

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.