OMNI 360 Wealth Inc. Buys New Stake in TechnipFMC plc $FTI

Key Points

• OMNI 360 Wealth Inc. acquired a new stake in TechnipFMC plc, purchasing 6,571 shares valued at approximately $226,000 during the second quarter.
• TechnipFMC's latest quarterly earnings report showed an EPS of $0.68, exceeding analysts' estimates of $0.57, with revenue of $2.53 billion, up 9% from the previous year.
• Following recent insider activity, Director Rousset Sophie Zurquiyah sold 9,381 shares at an average price of $37.12, reducing her ownership by nearly 13%.

OMNI 360 Wealth Inc. acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,571 shares of the oil and gas company's stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of TechnipFMC in the first quarter valued at $33,000. Geneos Wealth Management Inc. increased its position in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 340 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in shares of TechnipFMC by 29.7% in 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 during the last quarter. Brooklyn Investment Group boosted its position in shares of TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 2,061 shares during the period. Finally, GAMMA Investing LLC grew its stake in 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 buying an additional 614 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company's stock.

TechnipFMC Trading Down 1.2%

NYSE:FTI opened at $39.83 on Monday. The company has a market capitalization of $16.37 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $41.29. The stock has a fifty day simple moving average of $36.02 and a 200-day simple moving average of $31.99. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 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 for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's payout ratio is currently 9.43%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup restated a "buy" rating and set a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Royal Bank Of Canada increased their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research note on Thursday, May 22nd. Finally, Barclays lifted their target price on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

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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