TechnipFMC plc (NYSE:FTI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,002,958 shares of the oil and gas company's stock after selling 120,433 shares during the period. Nuveen Asset Management LLC owned about 0.47% of TechnipFMC worth $57,966,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after buying an additional 4,314 shares in the last quarter. Park Avenue Securities LLC purchased a new position in TechnipFMC during the fourth quarter worth $519,000. Raymond James Financial Inc. purchased a new position in TechnipFMC during the fourth quarter worth $9,152,000. Charles Schwab Investment Management Inc. lifted its position in shares of TechnipFMC by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after purchasing an additional 249,719 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of TechnipFMC by 1,024.4% during the fourth quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock worth $415,000 after purchasing an additional 13,071 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays lifted their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Piper Sandler upped their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research note on Thursday. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus target price of $36.46.

TechnipFMC Trading Up 0.4%

Shares of NYSE:FTI traded up $0.11 during midday trading on Friday, reaching $29.67. 2,524,711 shares of the company's stock were exchanged, compared to its average volume of 3,999,702. The firm's 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $29.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 20.11% and a net margin of 7.63%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.22 earnings per share. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is presently 10.53%.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by company insiders.

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.