Ninety One UK Ltd Has $15.49 Million Position in TechnipFMC plc $FTI

Key Points

• Ninety One UK Ltd reduced its stake in TechnipFMC by 36.6%, holding approximately 449,640 shares valued at about $15.49 million after selling 259,829 shares in the second quarter.
• TechnipFMC reported a quarterly EPS of $0.68, surpassing the consensus estimate of $0.57, with revenue reaching $2.53 billion—a 9.0% year-over-year increase.
• Barclays and Evercore ISI both raised their price targets for TechnipFMC to $51.00 and $46.00 respectively, indicating optimistic projections for the company's future performance.

Ninety One UK Ltd cut its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 36.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,640 shares of the oil and gas company's stock after selling 259,829 shares during the period. Ninety One UK Ltd owned about 0.11% of TechnipFMC worth $15,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TechnipFMC by 116.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 81,154 shares of the oil and gas company's stock valued at $2,349,000 after acquiring an additional 43,714 shares in the last quarter. GAMMA Investing LLC boosted its position in TechnipFMC by 3,925.4% during the first quarter. GAMMA Investing LLC now owns 91,457 shares of the oil and gas company's stock valued at $2,886,000 after purchasing an additional 89,185 shares during the last quarter. Merit Financial Group LLC grew its stake in TechnipFMC by 229.9% in the first quarter. Merit Financial Group LLC now owns 46,720 shares of the oil and gas company's stock valued at $1,481,000 after purchasing an additional 32,559 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in TechnipFMC in the 1st quarter worth about $266,000. Finally, Portside Wealth Group LLC increased its position in TechnipFMC by 5.1% in the 1st quarter. Portside Wealth Group LLC now owns 38,346 shares of the oil and gas company's stock worth $1,215,000 after purchasing an additional 1,855 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of FTI opened at $39.73 on Thursday. The company has a market capitalization of $16.33 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. TechnipFMC plc has a one year low of $22.11 and a one year high of $41.29. The company's fifty day moving average price is $37.46 and its 200 day moving average price is $33.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The firm's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's dividend payout ratio is currently 9.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FTI shares. Barclays lifted their price target on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Evercore ISI raised their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Citigroup reaffirmed a "buy" rating and issued a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.92.

Insider Activity at TechnipFMC

In other news, CFO Alf Melin sold 113,760 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the transaction, the chief financial officer owned 241,140 shares in the company, valued at approximately $9,310,415.40. The trade was a 32.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Pferdehirt sold 80,304 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.35, for a total transaction of $3,079,658.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 885,984 shares of company stock worth $34,180,811. Insiders own 1.80% of the company's stock.

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.

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