TechnipFMC plc (NYSE:FTI) Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 132.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,959 shares of the oil and gas company's stock after acquiring an additional 10,806 shares during the quarter. Focus Partners Wealth's holdings in TechnipFMC were worth $549,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTI. Park Avenue Securities LLC acquired a new position in TechnipFMC in the fourth quarter valued at approximately $519,000. Merit Financial Group LLC acquired a new position in TechnipFMC in the fourth quarter valued at approximately $410,000. Ballentine Partners LLC lifted its holdings in TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock valued at $337,000 after acquiring an additional 423 shares during the period. Sheets Smith Wealth Management acquired a new position in TechnipFMC in the fourth quarter valued at approximately $585,000. Finally, SG Americas Securities LLC lifted its holdings in TechnipFMC by 23.8% in the fourth quarter. SG Americas Securities LLC now owns 18,929 shares of the oil and gas company's stock valued at $548,000 after acquiring an additional 3,635 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This represents a 23.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David Light sold 10,147 shares of the stock in a transaction 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 owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This represents a 57.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 in the last three months. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Price Performance

Shares of FTI traded up $0.11 during trading hours on Friday, hitting $29.67. 2,524,711 shares of the stock were exchanged, compared to its average volume of 4,004,985. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98. The stock's 50-day moving average price is $28.40 and its two-hundred day moving average price is $29.40.

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

TechnipFMC Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FTI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Barclays upped their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday. Susquehanna reduced their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Finally, Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.