TechnipFMC plc $FTI Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in TechnipFMC plc by 13.6% during Q1, now owning 645,673 shares valued at approximately $20.5 million.
• Various institutional investors, including Ameriprise Financial and Deutsche Bank AG, significantly increased their stakes in TechnipFMC during the last quarter.
• Brokerages have set varying price targets for TechnipFMC, with a consensus rating of "Moderate Buy" and a price target of $38.92.

Russell Investments Group Ltd. trimmed its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 13.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 645,673 shares of the oil and gas company's stock after selling 102,024 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of TechnipFMC worth $20,461,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FTI. New York State Teachers Retirement System purchased a new stake in shares of TechnipFMC during the first quarter worth approximately $33,000. Quarry LP grew its holdings in TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after buying an additional 1,248 shares in the last quarter. GAMMA Investing LLC grew its holdings in TechnipFMC by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock valued at $91,000 after buying an additional 614 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in TechnipFMC by 346.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock valued at $92,000 after buying an additional 2,219 shares in the last quarter. Finally, Acuitas Investments LLC grew its holdings in TechnipFMC by 13.4% in the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock valued at $108,000 after buying an additional 400 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TechnipFMC

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

TechnipFMC Trading Up 2.6%

Shares of NYSE FTI traded up $0.9020 during mid-day trading on Friday, reaching $36.2120. 505,639 shares of the company's stock were exchanged, compared to its average volume of 4,323,734. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $38.05. The company's 50-day moving average is $34.92 and its 200-day moving average is $31.08.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The business 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. Analysts expect 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 will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.6%. TechnipFMC's dividend payout ratio is presently 9.43%.

Analyst Ratings Changes

Several brokerages have issued reports on FTI. BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Citigroup restated a "buy" rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Barclays upped their target price on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada upped their target price on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.