Schroder Investment Management Group Has $52.53 Million Position in TechnipFMC plc $FTI

Key Points

• Schroder Investment Management Group raised its stake in TechnipFMC by 17.8% in Q3, adding 199,247 shares to hold 1,315,766 shares worth $52.53 million (about 0.33% of the company).
• Multiple analysts have upgraded TechnipFMC and raised price targets—Citigroup to $76, RBC to $70 and Goldman to $66—leaving a consensus "Moderate Buy" with an average target of $58.47.
• TechnipFMC posted an EPS beat of $0.70 vs. $0.51 (revenue $2.52B, up 6.3% YoY) and declared a quarterly dividend of $0.05 (annualized $0.20, ~0.3% yield).

Schroder Investment Management Group boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,315,766 shares of the oil and gas company's stock after acquiring an additional 199,247 shares during the quarter. Schroder Investment Management Group owned approximately 0.33% of TechnipFMC worth $52,525,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 657 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in TechnipFMC by 45.3% in 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. Huntington National Bank boosted its holdings in TechnipFMC by 317.8% in the third quarter. Huntington National Bank now owns 1,195 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 909 shares in the last quarter. McIlrath & Eck LLC increased its position in TechnipFMC by 476.3% during the third quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,024 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in TechnipFMC during the third quarter worth $51,000. 96.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup boosted their price target on TechnipFMC from $48.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Royal Bank Of Canada increased their price objective on TechnipFMC from $47.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Weiss Ratings reissued a "buy (b)" rating on shares of TechnipFMC in a research note on Thursday, January 22nd. The Goldman Sachs Group boosted their target price on TechnipFMC from $55.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus price target of $58.47.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 6,350 shares of the firm's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the transaction, the director directly owned 97,860 shares of the company's stock, valued at approximately $6,400,044. This trade represents a 6.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

TechnipFMC Price Performance

Shares of FTI stock opened at $64.92 on Wednesday. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $68.29. The company has a market capitalization of $25.97 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.17 and a beta of 0.70. The stock has a 50 day moving average of $57.32 and a two-hundred day moving average of $46.91. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.19. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.TechnipFMC's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC's payout ratio is 8.66%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc (NYSE:FTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.