TCW Group Inc. Has $15.01 Million Position in TechnipFMC plc (NYSE:FTI)

Key Points

• TCW Group Inc. increased its stake in TechnipFMC plc by 18.8%, owning a total of 473,491 shares valued at approximately $15 million as of the most recent reporting period.
• TechnipFMC reported a quarterly EPS of $0.68, exceeding estimates and showing a 9.0% year-over-year revenue growth with total revenues of $2.53 billion.
• The company has announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 0.55% and a dividend payout ratio of 9.43%.

TCW Group Inc. raised its position in TechnipFMC plc (NYSE:FTI - Free Report) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,491 shares of the oil and gas company's stock after purchasing an additional 74,869 shares during the quarter. TCW Group Inc. owned about 0.11% of TechnipFMC worth $15,005,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in TechnipFMC by 49.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,206 shares of the oil and gas company's stock worth $411,000 after buying an additional 4,684 shares in the last quarter. Virtu Financial LLC purchased a new stake in TechnipFMC in the fourth quarter valued at $207,000. LPL Financial LLC lifted its position in TechnipFMC by 9.8% in the fourth quarter. LPL Financial LLC now owns 409,621 shares of the oil and gas company's stock valued at $12,482,000 after acquiring an additional 36,652 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in TechnipFMC by 1.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 93,396 shares of the oil and gas company's stock worth $2,703,000 after purchasing an additional 997 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in TechnipFMC by 1,944.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 386,427 shares of the oil and gas company's stock worth $11,183,000 after purchasing an additional 367,522 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of TechnipFMC stock traded down $0.34 during trading on Thursday, hitting $36.43. 1,999,215 shares of the stock were exchanged, compared to its average volume of 4,525,376. The stock's fifty day moving average is $33.74 and its 200 day moving average is $30.67. The stock has a market cap of $14.97 billion, a PE ratio of 17.19, a P/E/G ratio of 1.25 and a beta of 1.07. 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 12 month low of $22.11 and a 12 month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company earned $0.43 EPS. TechnipFMC's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio is presently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Barclays upped their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Susquehanna lifted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

Insider Buying and Selling

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 transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company's stock.

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.