Ethic Inc. Has $227,000 Stock Position in TechnipFMC plc (NYSE:FTI)

Ethic Inc. lowered its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 89.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,830 shares of the oil and gas company's stock after selling 64,046 shares during the period. Ethic Inc.'s holdings in TechnipFMC were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTI. Ameriprise Financial Inc. grew its position in 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 worth $478,620,000 after acquiring an additional 3,962,315 shares during the last quarter. Norges Bank bought a new stake in TechnipFMC during the 4th quarter worth $96,808,000. Anomaly Capital Management LP grew its position in 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 worth $210,295,000 after acquiring an additional 2,306,342 shares during the last quarter. AQR Capital Management LLC grew its position in TechnipFMC by 70.6% during the 4th quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock worth $119,602,000 after acquiring an additional 1,710,183 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after acquiring an additional 1,623,864 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

Insider Activity at TechnipFMC

In related news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David Light sold 10,147 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This trade represents a 57.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock worth $1,651,665 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

TechnipFMC Trading Up 0.4%

Shares of TechnipFMC stock traded up $0.11 on Friday, hitting $29.67. 2,524,711 shares of the company's stock traded hands, compared to its average volume of 3,999,702. TechnipFMC plc has a one year low of $22.12 and a one year high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The company has a fifty day moving average of $28.40 and a two-hundred day moving average of $29.39. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company earned $0.22 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. TechnipFMC's payout ratio is 10.53%.

Analysts Set New Price Targets

FTI has been the topic of a number of research reports. Susquehanna reduced their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Barclays upped their price target on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Finally, Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.46.

TechnipFMC 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.