Danske Bank A S Sells 94,742 Shares of TechnipFMC plc $FTI

Key Points

• Danske Bank trimmed its stake in TechnipFMC by 7.1%, selling 94,742 shares and leaving it with 1,244,874 shares (about 0.31% of the company) valued at roughly $55.47 million.
• TechnipFMC beat Q1 EPS expectations ($0.64 vs. $0.57) though revenue slightly missed, and brokerages have largely turned bullish with an average target of $65.40 and several raised targets (examples: Evercore $83, UBS $70, Susquehanna $90).
• Insiders sold heavily: EVP Justin Rounce and CFO Alf Melin sold 172,276 and 83,721 shares respectively, and insiders have offloaded about 1,216,442 shares worth $75.8 million over the past 90 days, leaving insiders with ~1.40% ownership.

Danske Bank A S cut its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,244,874 shares of the oil and gas company's stock after selling 94,742 shares during the period. Danske Bank A S owned about 0.31% of TechnipFMC worth $55,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTI. Blue Trust Inc. increased its position in TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 657 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of TechnipFMC in the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. raised its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $41,000. 96.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FTI has been the subject of several recent research reports. Evercore restated an "outperform" rating and issued a $83.00 price target on shares of TechnipFMC in a report on Friday. UBS Group set a $70.00 price target on shares of TechnipFMC in a report on Friday, February 20th. HSBC lowered shares of TechnipFMC from a "buy" rating to a "hold" rating and boosted their price target for the company from $49.00 to $62.00 in a report on Friday, February 20th. Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. Finally, Barclays boosted their price target on shares of TechnipFMC from $69.00 to $70.00 and gave the company an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.40.

TechnipFMC Stock Performance

FTI stock opened at $75.77 on Friday. The firm has a market cap of $30.43 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.54 and a beta of 0.74. The firm has a 50-day simple moving average of $69.08 and a two-hundred day simple moving average of $54.98. TechnipFMC plc has a one year low of $28.87 and a one year high of $77.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 1.13.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.08%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, equities analysts forecast that TechnipFMC plc will post 2.92 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, May 19th. TechnipFMC's dividend payout ratio (DPR) is presently 8.66%.

More TechnipFMC News

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Major brokerages raised targets and ratings — Susquehanna bumped its target to $90 (positive rating) and RBC raised its target to $80 with an "outperform" call; those upgrades support further upside and helped lift sentiment. Benzinga The Fly
• Positive Sentiment: Q1 EPS topped estimates — TechnipFMC reported $0.64 EPS vs. $0.57 consensus, showing margin improvement and stronger profitability versus last year; that beat is a clear near-term positive for the stock. Zacks EPS Beat
• Positive Sentiment: Momentum and growth narrative — Coverage noting a 52‑week high and a bullish growth case (better-than-average financial growth) supports momentum trading and longer-term conviction. Zacks 52‑week high Zacks growth note
• Neutral Sentiment: FY revenue guidance is a mixed/tepid signal — management reiterated a FY revenue range (~$10.4B–$10.9B) roughly centered on consensus, which tempers both upside surprise and downside risk; investors will watch execution against that band. Slide deck
• Neutral Sentiment: Analyst and press coverage increases visibility — multiple writeups and the earnings presentation raise investor attention (can amplify moves in either direction). Seeking Alpha
• Negative Sentiment: Revenue narrowly missed expectations — Q1 sales were $2.49B vs. $2.52B consensus, which offsets some of the positive EPS reaction and keeps focus on backlog and order flow. Yahoo Finance
• Negative Sentiment: Short-term volatility possible after the print — despite outperforming peers in some coverage, mixed top-line and guidance breadth mean profit-taking or rotation could occur even as brokers raise targets. MarketWatch

Insider Transactions at TechnipFMC

In related news, EVP Justin Rounce sold 172,276 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.10, for a total value of $10,698,339.60. Following the completion of the transaction, the executive vice president directly owned 119,667 shares of the company's stock, valued at $7,431,320.70. This trade represents a 59.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alf Melin sold 83,721 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $61.83, for a total transaction of $5,176,469.43. Following the completion of the transaction, the chief financial officer directly owned 282,537 shares of the company's stock, valued at $17,469,262.71. The trade was a 22.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,216,442 shares of company stock worth $75,762,414 over the last ninety days. 1.40% of the stock is currently owned by insiders.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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