Deutsche Bank AG Has $38.83 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Key Points

• Deutsche Bank AG reduced its holdings in TechnipFMC plc by 55.9% during the first quarter, now owning approximately $38.83 million worth of stock after selling over 1.5 million shares.
• A range of institutional investors have adjusted their positions, with notable increases from Diversify Advisory Services LLC and Acuitas Investments LLC among others during the same quarter.
• TechnipFMC announced a quarterly dividend of $0.05 per share, reflecting a 0.6% dividend yield, to be paid to stockholders of record on August 19.

Deutsche Bank AG reduced its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 55.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,225,166 shares of the oil and gas company's stock after selling 1,551,874 shares during the period. Deutsche Bank AG owned approximately 0.29% of TechnipFMC worth $38,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its stake in TechnipFMC by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock valued at $1,220,288,000 after acquiring an additional 365,527 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock valued at $478,620,000 after buying an additional 3,962,315 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TechnipFMC by 2.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,952,064 shares of the oil and gas company's stock valued at $315,381,000 after buying an additional 202,599 shares during the last quarter. Anomaly Capital Management LP lifted its holdings in shares of TechnipFMC by 46.5% during the 4th 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 buying an additional 2,306,342 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of TechnipFMC by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,929 shares of the oil and gas company's stock valued at $142,414,000 after buying an additional 138,556 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Price Performance

TechnipFMC stock traded down $0.59 on Friday, reaching $35.01. The company's stock had a trading volume of 2,983,507 shares, compared to its average volume of 4,004,726. 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 market cap of $14.39 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.15 and a beta of 1.04. The business's fifty day moving average price is $34.80 and its 200 day moving average price is $30.96. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. Equities analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is currently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the subject of several analyst reports. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Thursday, May 22nd. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Evercore ISI boosted their target price on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Barclays boosted their target price on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Susquehanna boosted their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.92.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director owned 62,978 shares of the company's stock, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.