Public Employees Retirement System of Ohio Acquires 8,341 Shares of TechnipFMC plc $FTI

Key Points

• The Public Employees Retirement System of Ohio raised its stake in TechnipFMC plc by 6.4% during Q2, acquiring an additional 8,341 shares to reach a total of 138,696 shares valued at approximately $4.78 million.
• Analysts have issued mixed ratings for TechnipFMC, with price targets ranging from $38.92 to $46.00 and an overall average rating of "Moderate Buy".
• TechnipFMC recently reported earnings of $0.68 EPS, surpassing analyst expectations, and announced a quarterly dividend of $0.05 per share, yielding 0.5%.

Public Employees Retirement System of Ohio increased its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,696 shares of the oil and gas company's stock after acquiring an additional 8,341 shares during the period. Public Employees Retirement System of Ohio's holdings in TechnipFMC were worth $4,777,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FTI. New York State Teachers Retirement System acquired a new position in TechnipFMC during the 1st quarter worth $33,000. Geneos Wealth Management Inc. lifted its holdings in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after buying an additional 340 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its holdings in 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 worth $48,000 after buying an additional 346 shares in the last quarter. Brooklyn Investment Group lifted its holdings in TechnipFMC by 2,216.1% during the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock worth $68,000 after buying an additional 2,061 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in TechnipFMC by 67.2% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company's stock worth $90,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTI. Evercore ISI upped their price objective on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Citigroup reissued a "buy" rating and issued a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Susquehanna increased their price target on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Wall Street Zen downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC Price Performance

FTI stock opened at $39.99 on Tuesday. The stock has a 50-day moving average price of $37.20 and a two-hundred day moving average price of $32.96. The stock has a market cap of $16.44 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $41.29.

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

TechnipFMC Dividend Announcement

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

Insider Buying and Selling

In other news, insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the transaction, the insider owned 56,352 shares in the company, valued at $2,177,441.28. This trade represents a 47.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alf Melin sold 113,760 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the completion of the transaction, the chief financial officer owned 241,140 shares of the company's stock, valued at $9,310,415.40. The trade was a 32.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 885,984 shares of company stock worth $34,180,811 over the last 90 days. 1.80% of the stock is currently owned by 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.

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