TechnipFMC plc $FTI Stake Raised by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in TechnipFMC plc by 285.7% during the first quarter, acquiring an additional 21,865 shares for a total ownership of 29,517 shares, valued at approximately $935,000.
• TechnipFMC recently reported $0.68 earnings per share for the quarter, exceeding analysts' expectations of $0.57, and showing a 9.0% year-over-year revenue increase to $2.53 billion.
• The company announced a quarterly dividend of $0.05 per share, with a low dividend payout ratio of 9.43% and a dividend yield of 0.5%.

Focus Partners Advisor Solutions LLC raised its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 285.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,517 shares of the oil and gas company's stock after buying an additional 21,865 shares during the period. Focus Partners Advisor Solutions LLC's holdings in TechnipFMC were worth $935,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FTI. Graham Capital Management L.P. raised its holdings in TechnipFMC by 12.7% in the 1st quarter. Graham Capital Management L.P. now owns 179,737 shares of the oil and gas company's stock valued at $5,696,000 after acquiring an additional 20,243 shares during the last quarter. Energy Income Partners LLC raised its stake in shares of TechnipFMC by 1.0% in the 1st quarter. Energy Income Partners LLC now owns 240,478 shares of the oil and gas company's stock valued at $7,621,000 after acquiring an additional 2,424 shares during the period. Nomura Holdings Inc. acquired a new position in TechnipFMC during the 1st quarter worth $500,000. Vident Advisory LLC raised its position in shares of TechnipFMC by 15.6% during the 1st quarter. Vident Advisory LLC now owns 9,218 shares of the oil and gas company's stock worth $292,000 after buying an additional 1,241 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of TechnipFMC by 3.7% in the 1st quarter. Driehaus Capital Management LLC now owns 1,750,068 shares of the oil and gas company's stock valued at $55,460,000 after acquiring an additional 62,633 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of FTI traded up $0.45 during mid-day trading on Monday, hitting $39.35. The company's stock had a trading volume of 6,515,776 shares, compared to its average volume of 4,376,860. The firm has a market capitalization of $16.18 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. TechnipFMC plc has a one year low of $22.11 and a one year high of $39.85. The stock's 50-day moving average is $35.49 and its two-hundred day moving average is $31.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

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

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. 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 dividend payout ratio (DPR) is currently 9.43%.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's 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 completion of the sale, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTI. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Susquehanna increased their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Royal Bank Of Canada raised their price target on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Evercore ISI raised their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein cut shares of 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.92.

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.