TechnipFMC plc $FTI Shares Acquired by Cwm LLC

Cwm LLC increased its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 21.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,681 shares of the oil and gas company's stock after acquiring an additional 29,048 shares during the quarter. Cwm LLC's holdings in TechnipFMC were worth $5,741,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTI. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC in the 1st quarter worth $33,000. Geneos Wealth Management Inc. grew 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 buying an additional 340 shares in the last quarter. Financial Network Wealth Advisors LLC grew its holdings in shares of TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after buying an additional 346 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of TechnipFMC by 2,216.1% during the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after buying an additional 2,061 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of TechnipFMC by 67.2% during the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company's stock valued at $90,000 after buying an additional 1,048 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TechnipFMC news, CEO Douglas J. Pferdehirt sold 80,304 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.35, for a total value of $3,079,658.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thierry Conti sold 50,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the transaction, the insider directly owned 56,352 shares of the company's stock, valued at $2,177,441.28. This represents a 47.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 885,984 shares of company stock worth $34,180,811 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $35.67 on Thursday. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The business has a 50-day moving average of $37.61 and a two-hundred day moving average of $33.56. The stock has a market capitalization of $14.66 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly 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 return on equity of 29.42% and a net margin of 9.60%.The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities research analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. TechnipFMC's payout ratio is currently 9.43%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Susquehanna lifted their price target on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. Citigroup reiterated a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Royal Bank Of Canada lifted their price target on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of TechnipFMC in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $41.93.

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.

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