Intech Investment Management LLC Increases Stock Holdings in TechnipFMC plc $FTI

Key Points

• Intech Investment Management LLC increased its stake in TechnipFMC by 227.9% in Q3, buying 21,785 shares to hold 31,345 shares worth about $1.24M, while institutional investors own roughly 96.6% of the stock.
• Several analysts have raised price targets recently (RBC $70, Susquehanna $71, Goldman $66, BMO $67), leaving an average target of $58.47 and an overall "Moderate Buy" consensus.
• TechnipFMC beat EPS estimates ($0.70 vs. $0.51), reported 6.3% revenue growth year‑over‑year, and announced a quarterly dividend of $0.05 per share (0.3% yield; ex‑dividend March 17).

Intech Investment Management LLC boosted its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 227.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,345 shares of the oil and gas company's stock after purchasing an additional 21,785 shares during the quarter. Intech Investment Management LLC's holdings in TechnipFMC were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. boosted its stake in TechnipFMC by 54.3% in the 3rd quarter. Fox Run Management L.L.C. now owns 35,956 shares of the oil and gas company's stock worth $1,418,000 after buying an additional 12,647 shares during the last quarter. MAI Capital Management increased its stake in shares of TechnipFMC by 430.6% during the 3rd quarter. MAI Capital Management now owns 2,483 shares of the oil and gas company's stock valued at $98,000 after acquiring an additional 2,015 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of TechnipFMC during the 3rd quarter worth about $1,899,000. Waddell & Associates LLC lifted its holdings in shares of TechnipFMC by 37.6% during the 3rd quarter. Waddell & Associates LLC now owns 14,666 shares of the oil and gas company's stock worth $579,000 after acquiring an additional 4,008 shares during the period. Finally, Chase Investment Counsel Corp acquired a new stake in shares of TechnipFMC in the third quarter worth approximately $3,596,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on FTI shares. Royal Bank Of Canada upped their price target on shares of TechnipFMC from $47.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Susquehanna lifted their price target on shares of TechnipFMC from $56.00 to $71.00 and gave the company a "positive" rating in a report on Friday, February 20th. The Goldman Sachs Group boosted their price objective on shares of TechnipFMC from $55.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen restated a "buy" rating on shares of TechnipFMC in a report on Friday, February 20th. Finally, BMO Capital Markets increased their target price on TechnipFMC from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Monday, February 23rd. One 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.47.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 6,350 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the sale, the director directly owned 97,860 shares of the company's stock, valued at approximately $6,400,044. This represents a 6.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

TechnipFMC Stock Down 2.3%

FTI opened at $62.93 on Friday. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $68.29. The firm has a 50 day moving average price of $56.56 and a 200 day moving average price of $46.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. The company has a market cap of $25.18 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.17 and a beta of 0.70.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.54 billion. During the same period in the previous year, the company posted $0.54 earnings per share. TechnipFMC's revenue was up 6.3% compared to the same quarter last year. Sell-side analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's payout ratio is presently 8.66%.

About TechnipFMC

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.

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