Integrated Wealth Concepts LLC Purchases 20,406 Shares of TechnipFMC plc $FTI

Key Points

• Integrated Wealth Concepts increased its TechnipFMC position by 36.1% in the second quarter, purchasing 20,406 shares and bringing its total holdings to 76,883 shares valued at approximately $5.1 million. Institutional investors collectively own 96.58% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $69.64. TechnipFMC recently exceeded quarterly earnings and revenue expectations, reporting $0.91 EPS and $2.76 billion in revenue.
• FTI shares opened at $76.37, near their 12-month high of $80.70, while the company pays a quarterly dividend of $0.05 per share. Director Eric Mullins also purchased 6,365 shares for roughly $500,000 in August.

Integrated Wealth Concepts LLC boosted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 36.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 76,883 shares of the oil and gas company's stock after acquiring an additional 20,406 shares during the period. Integrated Wealth Concepts LLC's holdings in TechnipFMC were worth $5,097,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ANB Bank increased its stake in shares of TechnipFMC by 3.4% in the first quarter. ANB Bank now owns 4,903 shares of the oil and gas company's stock worth $339,000 after purchasing an additional 161 shares in the last quarter. PFG Investments LLC lifted its stake in shares of TechnipFMC by 2.4% during the 1st quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company's stock valued at $495,000 after buying an additional 165 shares in the last quarter. Independent Advisor Alliance boosted its holdings in TechnipFMC by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company's stock worth $2,730,000 after buying an additional 184 shares during the period. Evolve Private Wealth LLC boosted its holdings in TechnipFMC by 0.7% in the 1st quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company's stock worth $2,411,000 after buying an additional 227 shares during the period. Finally, Caerus Investment Advisors LLC grew its stake in TechnipFMC by 1.1% in the 1st quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company's stock valued at $1,661,000 after buying an additional 259 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTI shares. Jefferies Financial Group reissued a "buy" rating on shares of TechnipFMC in a report on Sunday, May 31st. The Goldman Sachs Group reiterated a "buy" rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group set a $80.00 price objective on TechnipFMC in a report on Wednesday, June 3rd. Finally, Susquehanna cut their target price on TechnipFMC from $90.00 to $85.00 and set a "positive" rating for the company in a research note on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average target price of $69.64.

TechnipFMC Stock Up 1.0%

Shares of NYSE FTI opened at $76.37 on Friday. TechnipFMC plc has a 12 month low of $35.29 and a 12 month high of $80.70. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.51 and a beta of 0.74. The business has a 50-day moving average of $74.55 and a 200-day moving average of $71.04.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. TechnipFMC's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. Sell-side analysts expect that TechnipFMC plc will post 3.17 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC's payout ratio is 6.94%.

Insider Activity

In other news, Director Eric Mullins acquired 6,365 shares of TechnipFMC stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the transaction, the director owned 8,070 shares of the company's stock, valued at $633,898.50. This trade represents a 373.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

TechnipFMC Company Profile

TechnipFMC plc NYSE: FTI is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.

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