Keeley Teton Advisors LLC Reduces Stock Holdings in TechnipFMC plc $FTI

Key Points

• Keeley Teton Advisors LLC reduced its holdings in TechnipFMC plc by 30.3%, selling 114,479 shares during the first quarter.
• TechnipFMC reported $0.68 earnings per share for the quarter, exceeding analysts' expectations, with a revenue increase of 9.0% year-over-year.
• The company also announced a quarterly dividend of $0.05 per share, representing an annualized dividend yield of 0.5%.

Keeley Teton Advisors LLC trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 30.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,855 shares of the oil and gas company's stock after selling 114,479 shares during the period. TechnipFMC comprises about 1.0% of Keeley Teton Advisors LLC's portfolio, making the stock its 11th largest position. Keeley Teton Advisors LLC owned approximately 0.06% of TechnipFMC worth $8,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings in shares of TechnipFMC by 5,795.1% in the 1st quarter. MetLife Investment Management LLC now owns 438,422 shares of the oil and gas company's stock valued at $13,894,000 after buying an additional 430,985 shares in the last quarter. Oak Harvest Investment Services boosted its stake in TechnipFMC by 8.8% in the 1st quarter. Oak Harvest Investment Services now owns 119,024 shares of the oil and gas company's stock worth $3,772,000 after purchasing an additional 9,655 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in TechnipFMC in the 1st quarter worth approximately $621,000. SVB Wealth LLC acquired a new stake in TechnipFMC in the 1st quarter worth approximately $102,000. Finally, Compound Planning Inc. boosted its stake in TechnipFMC by 10.4% in the 1st quarter. Compound Planning Inc. now owns 8,724 shares of the oil and gas company's stock worth $276,000 after purchasing an additional 821 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

FTI traded down $0.28 on Friday, hitting $36.78. 3,457,153 shares of the company's stock were exchanged, compared to its average volume of 2,606,198. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $38.05. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $35.10 and a 200-day moving average price of $31.31. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.18 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the firm earned $0.43 EPS. TechnipFMC's revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 9.43%.

Insider Buying and Selling at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the subject of a number of recent analyst reports. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Sanford C. Bernstein cut shares of 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, May 22nd. Royal Bank Of Canada raised their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Susquehanna lifted their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Company 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.