TechnipFMC plc (NYSE:FTI) Shares Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,011 shares of the oil and gas company's stock after purchasing an additional 12,033 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.09% of TechnipFMC worth $11,694,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTI. New York State Teachers Retirement System bought a new position in shares of TechnipFMC during the first quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 525 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TechnipFMC in the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC raised its position in shares of 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 worth $49,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in shares of TechnipFMC in the 4th quarter worth $55,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.27 during trading hours on Thursday, hitting $34.91. 2,377,050 shares of the stock traded hands, compared to its average volume of 4,103,216. The firm's 50 day moving average price is $31.73 and its 200-day moving average price is $30.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.19 and a beta of 1.07. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $37.00.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm earned $0.22 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a $0.05 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. TechnipFMC's payout ratio is currently 10.53%.

Analyst Ratings Changes

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. Wall Street Zen cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Sanford C. Bernstein downgraded shares of 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, May 22nd. Finally, Susquehanna upped their price target on TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.85.

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.