Lisanti Capital Growth LLC Increases Stake in TechnipFMC plc (NYSE:FTI)

Lisanti Capital Growth LLC increased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 38.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,380 shares of the oil and gas company's stock after purchasing an additional 13,605 shares during the period. Lisanti Capital Growth LLC's holdings in TechnipFMC were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after purchasing an additional 4,314 shares in the last quarter. Raymond James Financial Inc. bought a new stake in TechnipFMC during the 4th quarter valued at $9,152,000. Charles Schwab Investment Management Inc. raised its holdings in TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after buying an additional 249,719 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in TechnipFMC by 1,024.4% during the 4th quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock valued at $415,000 after buying an additional 13,071 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in TechnipFMC by 414.2% during the 4th quarter. Truist Financial Corp now owns 38,308 shares of the oil and gas company's stock valued at $1,109,000 after buying an additional 30,858 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Barclays upped their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average target price of $36.46.

TechnipFMC Trading Down 1.1%

NYSE FTI traded down $0.38 during trading on Friday, hitting $34.57. The company had a trading volume of 8,381,909 shares, compared to its average volume of 4,095,335. The company's fifty day moving average is $31.15 and its 200-day moving average is $29.93. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. TechnipFMC plc has a one year low of $22.12 and a one year high of $35.71.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. On average, sell-side analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.53%.

TechnipFMC 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.