Nomura Holdings Inc. Takes $500,000 Position in TechnipFMC plc $FTI

Key Points

• Nomura Holdings Inc. acquired 15,789 shares of TechnipFMC plc during the first quarter, valued at approximately $500,000, as reported in a recent 13F filing with the SEC.
• Several hedge funds, including Canada Pension Plan Investment Board and MetLife Investment Management, significantly increased their stakes in TechnipFMC, indicating strong institutional interest in the company.
• TechnipFMC reported a quarterly earnings per share of $0.68, surpassing analyst expectations, and has set a FY 2025 guidance, highlighting its positive growth trajectory in the energy sector.

Nomura Holdings Inc. purchased a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,789 shares of the oil and gas company's stock, valued at approximately $500,000.

Several other hedge funds have also bought and sold shares of FTI. Financial Network Wealth Advisors LLC increased its holdings in shares of TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 346 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in TechnipFMC by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock valued at $238,000 after buying an additional 362 shares in the last quarter. Acuitas Investments LLC increased its holdings in TechnipFMC by 13.4% in the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock valued at $108,000 after buying an additional 400 shares in the last quarter. KBC Group NV raised its position in shares of TechnipFMC by 2.4% in the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock worth $575,000 after acquiring an additional 429 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after acquiring an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Price Performance

FTI stock traded up $1.24 during mid-day trading on Wednesday, reaching $40.89. The company's stock had a trading volume of 7,346,967 shares, compared to its average volume of 3,917,184. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $35.82 and its two-hundred day moving average is $31.77. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.19. The stock has a market cap of $16.81 billion, a PE ratio of 19.29, a P/E/G ratio of 1.27 and a beta of 1.10.

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

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 9.43%.

Insider Activity

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the transaction, the director owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on FTI. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Thursday, May 22nd. Citigroup restated a "buy" rating and issued a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Evercore ISI increased their target price on TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Susquehanna boosted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Finally, BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.92.

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.