Lingohr Asset Management GmbH Has $1.35 Million Stock Holdings in TechnipFMC plc $FTI

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in TechnipFMC plc by 82.2%, holding just 37,795 shares valued at approximately $1.35 million after selling 174,500 shares in the second quarter.
• Several other institutional investors, including Cetera Investment Advisers and Focus Partners Wealth, have increased their positions in TechnipFMC, reflecting a growing interest in the company as 96.58% of the stock is now owned by institutional investors.
• TechnipFMC reported a quarterly revenue of $2.53 billion and earnings per share of $0.68, surpassing analysts' expectations, and recently declared a quarterly dividend of $0.05 per share, maintaining a low dividend payout ratio of 9.43%.

Lingohr Asset Management GmbH reduced its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 82.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,795 shares of the oil and gas company's stock after selling 174,500 shares during the quarter. TechnipFMC accounts for about 2.5% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 9th largest holding. Lingohr Asset Management GmbH's holdings in TechnipFMC were worth $1,354,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FTI. Cetera Investment Advisers increased its holdings in shares of TechnipFMC by 22.3% in the fourth quarter. Cetera Investment Advisers now owns 27,328 shares of the oil and gas company's stock worth $791,000 after acquiring an additional 4,979 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of TechnipFMC by 132.5% in the fourth quarter. Focus Partners Wealth now owns 18,959 shares of the oil and gas company's stock worth $549,000 after acquiring an additional 10,806 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of TechnipFMC by 2.3% in the fourth quarter. Janus Henderson Group PLC now owns 193,836 shares of the oil and gas company's stock worth $5,611,000 after acquiring an additional 4,300 shares in the last quarter. State of Wyoming increased its holdings in shares of TechnipFMC by 88.5% in the fourth quarter. State of Wyoming now owns 21,840 shares of the oil and gas company's stock worth $632,000 after acquiring an additional 10,254 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of TechnipFMC by 4.1% in the fourth quarter. Tidal Investments LLC now owns 59,827 shares of the oil and gas company's stock worth $1,731,000 after acquiring an additional 2,330 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction that occurred on 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 directly owned 62,978 shares in the company, valued at $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FTI has been the subject of a number of research reports. Susquehanna increased their price objective on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Thursday, May 22nd. Royal Bank Of Canada increased their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Finally, Barclays increased their price objective on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Stock Down 1.2%

FTI stock opened at $39.83 on Monday. 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 business has a 50 day moving average price of $36.02 and a two-hundred day moving average price of $31.99. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.27 and a beta of 1.10. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $41.29.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion during 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 business's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is currently 9.43%.

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.

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