TechnipFMC plc (NYSE:FTI) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,952,064 shares of the oil and gas company's stock after purchasing an additional 202,599 shares during the period. Massachusetts Financial Services Co. MA owned 2.37% of TechnipFMC worth $315,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in TechnipFMC during the first quarter valued at $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of TechnipFMC in the 4th quarter worth about $55,000. Steward Partners Investment Advisory LLC boosted its stake in shares of TechnipFMC by 106.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 1,047 shares during the period. Finally, Quarry LP lifted its holdings in TechnipFMC by 95.9% during the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after buying an additional 1,248 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Down 0.3%

NYSE FTI traded down $0.11 on Tuesday, reaching $34.19. The company had a trading volume of 4,929,870 shares, compared to its average volume of 4,126,456. The firm has a market capitalization of $14.33 billion, a PE ratio of 17.99, a P/E/G ratio of 1.20 and a beta of 1.07. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $35.86. The firm has a 50-day moving average of $32.64 and a 200-day moving average of $30.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84.

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

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.53%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FTI. Susquehanna boosted their target price on shares of TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 1st. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Thursday, May 22nd. Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of "Moderate Buy" and an average target price of $37.31.

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.