TechnipFMC plc $FTI is Kopion Asset Management LLC's 2nd Largest Position

Key Points

• Kopion Asset Management trimmed its stake in TechnipFMC by 13.9% to 248,983 shares, leaving FTI as its 2nd-largest holding at 7.9% of the portfolio (≈$11.10M).
• Insider selling has been heavy: insiders disposed of 1,210,092 shares worth about $75.3M in the past 90 days, including EVP Justin Rounce and Jonathan Landes, materially reducing their positions.
• Analyst sentiment is generally positive with a "Moderate Buy" consensus and an average target of $58.47 (several firms raised targets—Goldman $66, Citi $76); TechnipFMC beat quarterly EPS estimates and the stock trades near its 12‑month high (~$66) with a $26.5B market cap.

Kopion Asset Management LLC lowered its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,983 shares of the oil and gas company's stock after selling 40,182 shares during the quarter. TechnipFMC comprises 7.9% of Kopion Asset Management LLC's portfolio, making the stock its 2nd largest position. Kopion Asset Management LLC owned approximately 0.06% of TechnipFMC worth $11,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FTI. GAMMA Investing LLC boosted its position in TechnipFMC by 85.5% during the 4th quarter. GAMMA Investing LLC now owns 6,109 shares of the oil and gas company's stock valued at $272,000 after acquiring an additional 2,815 shares in the last quarter. New Mexico Educational Retirement Board purchased a new position in TechnipFMC during the third quarter valued at $3,302,000. Allworth Financial LP boosted its holdings in shares of TechnipFMC by 120.4% during the 3rd quarter. Allworth Financial LP now owns 10,631 shares of the oil and gas company's stock valued at $419,000 after buying an additional 5,808 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of TechnipFMC by 60.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 20,832 shares of the oil and gas company's stock worth $822,000 after buying an additional 7,888 shares during the period. Finally, Investment Research Partners LLC purchased a new position in TechnipFMC during the 3rd quarter valued at about $229,000. 96.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FTI shares. The Goldman Sachs Group lifted their target price on shares of TechnipFMC from $55.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. HSBC downgraded TechnipFMC from a "buy" rating to a "hold" rating and upped their price target for the stock from $49.00 to $62.00 in a research note on Friday, February 20th. Zacks Research upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 23rd. Piper Sandler boosted their target price on TechnipFMC from $49.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, December 18th. Finally, Citigroup increased their target price on TechnipFMC from $48.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.47.

Insider Activity

In related news, EVP Justin Rounce sold 172,276 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.10, for a total transaction of $10,698,339.60. Following the transaction, the executive vice president owned 119,667 shares in the company, valued at $7,431,320.70. This represents a 59.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Landes sold 116,194 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the sale, the insider owned 71,356 shares in the company, valued at $4,438,343.20. This represents a 61.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,210,092 shares of company stock worth $75,322,232. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Stock Up 1.7%

TechnipFMC stock opened at $66.22 on Friday. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $68.29. The stock has a fifty day simple moving average of $59.69 and a two-hundred day simple moving average of $48.12. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.20 and a beta of 0.70.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results 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. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

TechnipFMC Company Profile

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.

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