New York State Common Retirement Fund Buys 48,500 Shares of TechnipFMC plc (NYSE:FTI)

New York State Common Retirement Fund lifted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 307,254 shares of the oil and gas company's stock after acquiring an additional 48,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of TechnipFMC worth $9,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its holdings in TechnipFMC by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock worth $1,220,288,000 after purchasing an additional 365,527 shares during the period. Vanguard Group Inc. grew its position in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after buying an additional 1,623,864 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TechnipFMC by 31.5% during the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock valued at $478,620,000 after buying an additional 3,962,315 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of TechnipFMC by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after buying an additional 1,319,015 shares during the period. Finally, Anomaly Capital Management LP raised its holdings in shares of TechnipFMC by 46.5% in the fourth quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after acquiring an additional 2,306,342 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Citigroup restated a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research note on Thursday, May 22nd. Four 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 company. According to data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average target price of $37.31.

TechnipFMC Trading Up 0.2%

NYSE FTI opened at $32.75 on Friday. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. The company has a market capitalization of $13.73 billion, a PE ratio of 17.24, a P/E/G ratio of 1.10 and a beta of 1.07. The company has a fifty day moving average of $33.04 and a 200 day moving average of $30.44.

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

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

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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