Counterpoint Mutual Funds LLC Acquires Shares of 22,384 TechnipFMC plc $FTI

Key Points

• Counterpoint Mutual Funds LLC acquired 22,384 shares of TechnipFMC plc, valued at approximately $771,000, during the second quarter.
• TechnipFMC reported $0.68 EPS for the quarter, exceeding consensus estimates, and had a revenue of $2.53 billion.
• The company recently announced a quarterly dividend of $0.05 per share, contributing to an annualized yield of 0.5% and a payout ratio of 9.43%.

Counterpoint Mutual Funds LLC acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,384 shares of the oil and gas company's stock, valued at approximately $771,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gries Financial LLC bought a new position in shares of TechnipFMC during the second quarter worth $219,000. Farther Finance Advisors LLC boosted its position in shares of TechnipFMC by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 3,548 shares of the oil and gas company's stock worth $122,000 after purchasing an additional 689 shares in the last quarter. Diversified Trust Co boosted its position in shares of TechnipFMC by 0.8% during the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company's stock worth $1,406,000 after purchasing an additional 306 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of TechnipFMC by 5.3% during the second quarter. Fulton Bank N.A. now owns 17,860 shares of the oil and gas company's stock worth $615,000 after purchasing an additional 893 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new position in shares of TechnipFMC during the second quarter worth $254,000. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Performance

Shares of FTI stock opened at $38.76 on Tuesday. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The company has a 50-day simple moving average of $36.50 and a 200 day simple moving average of $32.48. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $41.29.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. TechnipFMC's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC's payout ratio is currently 9.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Citigroup reaffirmed a "buy" rating and issued a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada boosted their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Susquehanna boosted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.92.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction dated 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 sale, the director owned 62,978 shares of the company's stock, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

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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