Segall Bryant & Hamill LLC Reduces Holdings in TechnipFMC plc (NYSE:FTI)

Segall Bryant & Hamill LLC trimmed its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 420,918 shares of the oil and gas company's stock after selling 11,827 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.10% of TechnipFMC worth $13,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in shares of TechnipFMC in the 1st quarter worth $33,000. EverSource Wealth Advisors LLC grew its position in TechnipFMC by 393.5% in the fourth 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. Westpac Banking Corp bought a new position in TechnipFMC in the fourth quarter valued at $55,000. Steward Partners Investment Advisory LLC increased its stake in TechnipFMC by 106.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock valued at $59,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Quarry LP raised its position in TechnipFMC by 95.9% during the fourth quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after purchasing an additional 1,248 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 0.2%

TechnipFMC stock traded up $0.08 during trading hours on Friday, reaching $32.75. The stock had a trading volume of 6,363,105 shares, compared to its average volume of 4,139,236. The company has a fifty day simple moving average of $32.98 and a 200-day simple moving average of $30.42. TechnipFMC plc has a 52 week low of $22.12 and a 52 week high of $35.86. The stock has a market cap of $13.73 billion, a PE ratio of 17.24, a PEG ratio of 1.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84.

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

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given 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 0.61%. TechnipFMC's dividend payout ratio is currently 10.53%.

Analysts Set New Price Targets

FTI has been the topic of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday. Citigroup reissued a "buy" rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.31.

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.