TechnipFMC plc (NYSE:FTI) Shares Purchased by Cwm LLC

CWM LLC grew its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 68.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,633 shares of the oil and gas company's stock after buying an additional 56,034 shares during the period. CWM LLC's holdings in TechnipFMC were worth $4,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTI. New York State Teachers Retirement System purchased a new position in shares of TechnipFMC in the 1st quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its position in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the period. Westpac Banking Corp bought a new position in shares of TechnipFMC during the fourth quarter valued at approximately $55,000. Steward Partners Investment Advisory LLC boosted its position in shares of TechnipFMC by 106.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Quarry LP increased its position in TechnipFMC by 95.9% during the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after buying an additional 1,248 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FTI. Susquehanna increased their target price on TechnipFMC from $35.00 to $40.00 and gave the company a "positive" rating in a report on Tuesday, July 1st. Citigroup reaffirmed a "buy" rating and issued a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen cut shares of 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.31.

TechnipFMC Stock Performance

FTI stock traded up $0.08 during trading on Friday, hitting $32.75. 6,363,105 shares of the company traded hands, compared to its average volume of 4,141,463. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $35.86. The stock's 50-day simple moving average is $33.04 and its 200 day simple moving average is $30.45. The company has a market cap of $13.73 billion, a PE ratio of 17.24, a P/E/G ratio of 1.10 and a beta of 1.07.

TechnipFMC (NYSE:FTI - Get Free Report) last released 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). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $0.22 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.61%. TechnipFMC's dividend payout ratio is presently 10.53%.

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.