Nuveen Asset Management LLC Trims Holdings in TechnipFMC plc (NYSE:FTI)

Nuveen Asset Management LLC lessened its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. 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 approximately 0.47% of TechnipFMC worth $57,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC in the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in TechnipFMC in the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC grew its position in TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Up 0.4%

Shares of NYSE FTI traded up $0.11 during mid-day trading on Friday, reaching $29.67. 2,524,711 shares of the company were exchanged, compared to its average volume of 4,004,985. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. 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 1 year low of $22.12 and a 1 year high of $33.45. The firm has a 50-day moving average of $28.40 and a 200 day moving average of $29.39.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 in the last three months. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FTI has been the topic of several research analyst reports. Piper Sandler upped their price objective on TechnipFMC from $39.00 to $40.00 and gave the company 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 report on Saturday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research report on Thursday. Finally, Susquehanna dropped their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.46.

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.