Mitsubishi UFJ Trust & Banking Corp Purchases 23,165 Shares of TechnipFMC plc $FTI

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in TechnipFMC by 37.7%, buying 23,165 shares to hold 84,577 shares worth about $3.77 million per its latest 13F filing.
• Several brokers raised targets and ratings recently (Citigroup to $76, Goldman to $75, Evercore $83, Barclays $70), leaving a consensus "Moderate Buy" with an average target near $65.40.
• TechnipFMC beat Q1 EPS estimates ($0.64 vs. $0.57) but narrowly missed revenue expectations ($2.49B vs. $2.52B); the company also announced a $0.05 quarterly dividend and insiders sold about 1.22 million shares in the last 90 days.

Mitsubishi UFJ Trust & Banking Corp increased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 37.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,577 shares of the oil and gas company's stock after buying an additional 23,165 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in TechnipFMC were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in TechnipFMC by 5,475.0% in the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock worth $26,000 after buying an additional 657 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in TechnipFMC in the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC in the 3rd quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in TechnipFMC in the 4th quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. lifted its position in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after buying an additional 340 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays boosted their target price on TechnipFMC from $69.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup boosted their price objective on TechnipFMC from $48.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their price objective on TechnipFMC from $66.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Evercore reiterated an "outperform" rating and issued a $83.00 price objective on shares of TechnipFMC in a research report on Friday. Finally, TD Cowen reiterated a "buy" rating on shares of TechnipFMC in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.40.

TechnipFMC News Summary

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Major brokerages raised targets and ratings — Susquehanna bumped its target to $90 (positive rating) and RBC raised its target to $80 with an "outperform" call; those upgrades support further upside and helped lift sentiment. Benzinga The Fly
• Positive Sentiment: Q1 EPS topped estimates — TechnipFMC reported $0.64 EPS vs. $0.57 consensus, showing margin improvement and stronger profitability versus last year; that beat is a clear near-term positive for the stock. Zacks EPS Beat
• Positive Sentiment: Momentum and growth narrative — Coverage noting a 52‑week high and a bullish growth case (better-than-average financial growth) supports momentum trading and longer-term conviction. Zacks 52‑week high Zacks growth note
• Neutral Sentiment: FY revenue guidance is a mixed/tepid signal — management reiterated a FY revenue range (~$10.4B–$10.9B) roughly centered on consensus, which tempers both upside surprise and downside risk; investors will watch execution against that band. Slide deck
• Neutral Sentiment: Analyst and press coverage increases visibility — multiple writeups and the earnings presentation raise investor attention (can amplify moves in either direction). Seeking Alpha
• Negative Sentiment: Revenue narrowly missed expectations — Q1 sales were $2.49B vs. $2.52B consensus, which offsets some of the positive EPS reaction and keeps focus on backlog and order flow. Yahoo Finance
• Negative Sentiment: Short-term volatility possible after the print — despite outperforming peers in some coverage, mixed top-line and guidance breadth mean profit-taking or rotation could occur even as brokers raise targets. MarketWatch

Insider Activity

In related news, EVP Justin Rounce sold 172,276 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.10, for a total value of $10,698,339.60. Following the sale, the executive vice president directly owned 119,667 shares of the company's stock, valued at $7,431,320.70. This represents a 59.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Luana Duffe sold 47,951 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $2,993,580.93. Following the completion of the sale, the executive vice president directly owned 78,871 shares in the company, valued at approximately $4,923,916.53. The trade was a 37.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is owned by insiders.

TechnipFMC Price Performance

FTI opened at $75.77 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.13. TechnipFMC plc has a 52-week low of $28.87 and a 52-week high of $77.78. The stock has a market capitalization of $30.43 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The stock's 50 day moving average price is $69.08 and its 200-day moving average price is $55.25.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The business's revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that TechnipFMC plc will post 2.94 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's payout ratio is 7.63%.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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