Public Employees Retirement System of Ohio Trims Stake in TechnipFMC plc (NYSE:FTI)

Public Employees Retirement System of Ohio lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,430 shares of the oil and gas company's stock after selling 10,335 shares during the period. Public Employees Retirement System of Ohio's holdings in TechnipFMC were worth $4,209,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised 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 purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in TechnipFMC during the 4th quarter valued at about $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of 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 worth $50,000 after purchasing an additional 563 shares during the period. Institutional investors own 96.58% of the company's stock.

TechnipFMC Price Performance

Shares of NYSE:FTI traded up $0.60 during trading on Tuesday, reaching $31.80. 538,274 shares of the company's stock traded hands, compared to its average volume of 4,024,073. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The company has a 50-day simple moving average of $28.52 and a 200-day simple moving average of $29.48. The firm has a market cap of $13.33 billion, a PE ratio of 20.92 and a beta of 1.06.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict 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. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's payout ratio is 10.53%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. The trade was 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 valued at $1,651,665 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

FTI has been the topic of a number of recent research reports. Susquehanna dropped their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Barclays lifted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Finally, Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.46.

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.