Segall Bryant & Hamill LLC cut its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 0.10% of TechnipFMC worth $13,339,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FTI. Avantax Advisory Services Inc. increased its holdings in TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after acquiring an additional 4,314 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of TechnipFMC by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after buying an additional 8,823 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of TechnipFMC in the 1st quarter worth $205,000. Stephens Investment Management Group LLC grew its stake in shares of TechnipFMC by 0.8% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after buying an additional 27,884 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of TechnipFMC in the 4th quarter worth $9,152,000. 96.58% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on FTI shares. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Barclays lifted their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Thursday, May 22nd. Citigroup reissued a "buy" rating and issued a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.31.
View Our Latest Research Report on TechnipFMC
TechnipFMC Stock Up 0.2%
NYSE:FTI traded up $0.08 during midday trading on Friday, reaching $32.75. 6,363,105 shares of the stock traded hands, compared to its average volume of 4,141,463. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $35.86. The business has a 50-day moving average of $33.04 and a two-hundred day moving average of $30.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a market capitalization of $13.73 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.10 and a beta of 1.07.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.
TechnipFMC Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.61%. TechnipFMC's dividend payout ratio is presently 10.53%.
TechnipFMC Company Profile
(
Free Report)
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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