Strs Ohio Makes New Investment in TechnipFMC plc $FTI

Key Points

• Strs Ohio acquired a new position in TechnipFMC plc, purchasing 256,000 shares valued at approximately $8.11 million in the first quarter.
• TechnipFMC reported a 12-month high stock price of $41.29, with a current market capitalization of $16.37 billion and a recent earnings per share (EPS) of $0.68 surpassing analyst estimates.
• Multiple research firms have upgraded their ratings on TechnipFMC, with target prices ranging from $40.00 to $51.00, reflecting positive sentiment about the company's growth potential.

Strs Ohio purchased a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 256,000 shares of the oil and gas company's stock, valued at approximately $8,113,000. Strs Ohio owned about 0.06% of TechnipFMC at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its holdings in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 340 shares during the period. Focus Partners Wealth raised its holdings in shares of TechnipFMC by 27.2% during the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company's stock valued at $764,000 after purchasing an additional 5,161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of TechnipFMC by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,139,326 shares of the oil and gas company's stock valued at $36,105,000 after purchasing an additional 53,206 shares during the period. Empowered Funds LLC acquired a new position in shares of TechnipFMC during the first quarter valued at about $7,282,000. Finally, Great Lakes Advisors LLC raised its holdings in shares of TechnipFMC by 17.6% during the first quarter. Great Lakes Advisors LLC now owns 15,467 shares of the oil and gas company's stock valued at $490,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

TechnipFMC Stock Up 0.4%

Shares of FTI traded up $0.16 on Friday, reaching $39.39. The company's stock had a trading volume of 12,330,290 shares, compared to its average volume of 7,650,975. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $41.29. The stock has a market capitalization of $16.19 billion, a PE ratio of 18.58, a PEG ratio of 1.26 and a beta of 1.10. The firm has a fifty day moving average of $36.41 and a 200-day moving average of $32.31.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its 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. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Equities analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 9.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FTI. Royal Bank Of Canada upped their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Susquehanna upped their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

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.