Lingohr Asset Management GmbH Lowers Stock Position 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 lowered its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 82.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,795 shares of the oil and gas company's stock after selling 174,500 shares during the quarter. TechnipFMC comprises approximately 2.5% of Lingohr Asset Management GmbH's holdings, making the stock its 9th largest holding. Lingohr Asset Management GmbH's holdings in TechnipFMC were worth $1,354,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in TechnipFMC by 22.3% in the fourth quarter. Cetera Investment Advisers now owns 27,328 shares of the oil and gas company's stock valued at $791,000 after buying an additional 4,979 shares during the period. Focus Partners Wealth raised its position in shares of TechnipFMC by 132.5% in the 4th quarter. Focus Partners Wealth now owns 18,959 shares of the oil and gas company's stock valued at $549,000 after acquiring an additional 10,806 shares during the period. Janus Henderson Group PLC raised its position in shares of TechnipFMC by 2.3% in the 4th quarter. Janus Henderson Group PLC now owns 193,836 shares of the oil and gas company's stock valued at $5,611,000 after acquiring an additional 4,300 shares during the period. State of Wyoming raised its position in shares of TechnipFMC by 88.5% in the 4th quarter. State of Wyoming now owns 21,840 shares of the oil and gas company's stock valued at $632,000 after acquiring an additional 10,254 shares during the period. Finally, Tidal Investments LLC raised its position in shares of TechnipFMC by 4.1% in the 4th quarter. Tidal Investments LLC now owns 59,827 shares of the oil and gas company's stock valued at $1,731,000 after acquiring an additional 2,330 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insiders Place Their Bets

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the transaction, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. This represents a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on FTI. Evercore ISI increased their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" 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 on the stock. in a research note on Thursday, May 22nd. Citigroup reaffirmed a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Susquehanna raised their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada raised their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One equities 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Stock Performance

FTI traded down $0.25 during trading hours on Friday, reaching $38.99. The company's stock had a trading volume of 1,280,209 shares, compared to its average volume of 4,723,658. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $41.29. The company's 50-day moving average is $36.34 and its 200-day moving average is $32.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The firm has a market cap of $16.02 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10.

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 business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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