Horizon Investments LLC Invests $10.78 Million in TechnipFMC plc $FTI

Key Points

• Horizon Investments LLC opened a new position in TechnipFMC of 241,864 shares valued at about $10.78 million, representing roughly 0.06% ownership at quarter-end.
• TechnipFMC beat Q1 EPS expectations ($0.64 vs. $0.57) while revenue was slightly below consensus ($2.49B vs. $2.52B); several brokers raised price targets (e.g., Susquehanna to $90) and the stock carries a consensus rating of Moderate Buy with an average target of $65.40.
• Insiders have been significant net sellers recently — 1,216,442 shares totaling about $75.76 million were sold in the past 90 days, including large March dispositions by Jonathan Landes and EVP Luana Duffe.

Horizon Investments LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 241,864 shares of the oil and gas company's stock, valued at approximately $10,777,000. Horizon Investments LLC owned 0.06% of TechnipFMC at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Your Advocates Ltd. LLP boosted its holdings in shares of TechnipFMC by 8,095.2% during the fourth quarter. Your Advocates Ltd. LLP now owns 1,721 shares of the oil and gas company's stock worth $77,000 after purchasing an additional 1,700 shares during the period. Fifth Third Bancorp lifted its holdings in TechnipFMC by 60.7% in the fourth quarter. Fifth Third Bancorp now owns 13,883 shares of the oil and gas company's stock worth $619,000 after buying an additional 5,244 shares during the period. GenTrust LLC lifted its holdings in TechnipFMC by 65.9% in the fourth quarter. GenTrust LLC now owns 11,637 shares of the oil and gas company's stock worth $519,000 after buying an additional 4,624 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in TechnipFMC by 0.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 225,464 shares of the oil and gas company's stock worth $10,047,000 after buying an additional 1,359 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its holdings in TechnipFMC by 56.3% in the fourth quarter. Citizens Financial Group Inc. RI now owns 8,728 shares of the oil and gas company's stock worth $389,000 after buying an additional 3,145 shares during the period. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTI. HSBC lowered shares of TechnipFMC from a "buy" rating to a "hold" rating and raised their price objective for the stock from $49.00 to $62.00 in a report on Friday, February 20th. TD Cowen restated a "buy" rating on shares of TechnipFMC in a report on Friday, February 20th. Susquehanna raised their price objective on shares of TechnipFMC from $83.00 to $90.00 and gave the stock a "positive" rating in a report on Friday. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Evercore restated an "outperform" rating and issued a $83.00 price objective on shares of TechnipFMC in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.40.

TechnipFMC Price Performance

FTI stock opened at $75.77 on Friday. The firm has a 50 day moving average price of $69.08 and a 200-day moving average price of $55.11. TechnipFMC plc has a 52-week low of $28.87 and a 52-week high of $77.78. The firm has a market capitalization of $30.43 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.54 and a beta of 0.74. 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 earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.08%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $0.33 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. Equities research analysts forecast that TechnipFMC plc will post 2.94 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, May 19th. TechnipFMC's dividend payout ratio (DPR) is presently 7.63%.

TechnipFMC News Summary

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 Activity

In related news, insider Jonathan Landes sold 116,194 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the sale, the insider owned 71,356 shares of the company's stock, valued at $4,438,343.20. This trade represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Luana Duffe sold 47,951 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares of the company's stock, valued at $4,923,916.53. This trade represents a 37.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is currently owned by insiders.

TechnipFMC Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.