Invesco Ltd. Boosts Holdings in TechnipFMC plc (NYSE:FTI)

Key Points

• Invesco Ltd. increased its holdings in TechnipFMC plc by 18.0%, now owning approximately 7.46 million shares valued at $236.37 million.
• TechnipFMC announced a quarterly dividend of $0.05 payable on September 3rd, representing an annualized yield of 0.6%.
• Equities research analysts have varying ratings for TechnipFMC, with a consensus rating of "Moderate Buy" and an average price target of $38.92.

Invesco Ltd. increased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,458,847 shares of the oil and gas company's stock after acquiring an additional 1,136,554 shares during the quarter. Invesco Ltd. owned approximately 1.78% of TechnipFMC worth $236,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversify Advisory Services LLC grew its stake in TechnipFMC by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after buying an additional 362 shares in the last quarter. Acuitas Investments LLC lifted its stake in shares of TechnipFMC by 13.4% in the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after purchasing an additional 400 shares during the period. KBC Group NV boosted its holdings in shares of TechnipFMC by 2.4% during the 1st quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock valued at $575,000 after purchasing an additional 429 shares during the last quarter. GAMMA Investing LLC increased its position in TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 614 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of TechnipFMC by 7.7% during the first quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock valued at $293,000 after purchasing an additional 657 shares during the period. 96.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FTI. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Evercore ISI boosted their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Barclays increased their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Trading Down 1.7%

Shares of NYSE FTI traded down $0.59 during midday trading on Friday, reaching $35.01. The company had a trading volume of 2,983,507 shares, compared to its average volume of 4,389,841. The firm's fifty day moving average price is $34.76 and its 200-day moving average price is $30.92. TechnipFMC plc has a one year low of $22.11 and a one year high of $38.05. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $14.39 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 9.43%.

Insider Activity

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated 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 transaction, the director owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

About TechnipFMC

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.