TechnipFMC plc $FTI Shares Bought by Strs Ohio

Key Points

• Strs Ohio boosted its stake in TechnipFMC by 36.9% to 326,801 shares (about $14.6M), and institutional investors now own roughly 96.58% of the company after several large funds significantly added positions.
• Q1 results showed an EPS beat ($0.64 vs. $0.57) but a slight revenue miss ($2.49B vs. $2.52B), with management reiterating FY revenue guidance of about $10.4B–$10.9B — a mixed signal that coincided with several brokers raising price targets.
• TechnipFMC announced a quarterly dividend of $0.05 (annualized $0.20, yield 0.3%), while insiders have sold roughly 1.216M shares in the last three months (about $75.8M), signaling notable insider reductions.

Strs Ohio increased its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,801 shares of the oil and gas company's stock after purchasing an additional 88,064 shares during the quarter. Strs Ohio owned 0.08% of TechnipFMC worth $14,562,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FTI. State Street Corp increased its holdings in shares of TechnipFMC by 62.2% in the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company's stock valued at $508,276,000 after purchasing an additional 4,938,498 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of TechnipFMC by 34.0% in the 3rd quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company's stock valued at $525,339,000 after purchasing an additional 3,378,159 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of TechnipFMC by 184.0% in the 3rd quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company's stock valued at $189,460,000 after purchasing an additional 3,111,399 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TechnipFMC by 80.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company's stock valued at $125,144,000 after purchasing an additional 1,415,621 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of TechnipFMC in the 3rd quarter valued at about $52,848,000. Hedge funds and other institutional investors own 96.58% of the company's stock.

More TechnipFMC News

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Major brokerages raised targets and ratings — Susquehanna bumped its target to $90 (positive rating) and RBC raised its target to $80 with an "outperform" call; those upgrades support further upside and helped lift sentiment. Benzinga The Fly
• Positive Sentiment: Q1 EPS topped estimates — TechnipFMC reported $0.64 EPS vs. $0.57 consensus, showing margin improvement and stronger profitability versus last year; that beat is a clear near-term positive for the stock. Zacks EPS Beat
• Positive Sentiment: Momentum and growth narrative — Coverage noting a 52‑week high and a bullish growth case (better-than-average financial growth) supports momentum trading and longer-term conviction. Zacks 52‑week high Zacks growth note
• Neutral Sentiment: FY revenue guidance is a mixed/tepid signal — management reiterated a FY revenue range (~$10.4B–$10.9B) roughly centered on consensus, which tempers both upside surprise and downside risk; investors will watch execution against that band. Slide deck
• Neutral Sentiment: Analyst and press coverage increases visibility — multiple writeups and the earnings presentation raise investor attention (can amplify moves in either direction). Seeking Alpha
• Negative Sentiment: Revenue narrowly missed expectations — Q1 sales were $2.49B vs. $2.52B consensus, which offsets some of the positive EPS reaction and keeps focus on backlog and order flow. Yahoo Finance
• Negative Sentiment: Short-term volatility possible after the print — despite outperforming peers in some coverage, mixed top-line and guidance breadth mean profit-taking or rotation could occur even as brokers raise targets. MarketWatch

TechnipFMC Price Performance

TechnipFMC stock opened at $75.77 on Monday. TechnipFMC plc has a 12-month low of $28.87 and a 12-month high of $77.78. The stock has a market capitalization of $30.43 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.54 and a beta of 0.74. The firm's 50-day moving average is $69.08 and its two-hundred day moving average is $55.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the company earned $0.33 EPS. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts predict that TechnipFMC plc will post 2.94 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's dividend payout ratio (DPR) is currently 7.63%.

Insiders Place Their Bets

In related news, CAO David Light sold 6,622 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer directly owned 5,005 shares of the company's stock, valued at approximately $312,462.15. This trade represents a 56.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Luana Duffe sold 47,951 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the sale, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. This represents a 37.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FTI. Evercore reiterated an "outperform" rating and issued a $83.00 price target on shares of TechnipFMC in a report on Friday. Barclays increased their price target on shares of TechnipFMC from $69.00 to $70.00 and gave the company an "overweight" rating in a report on Friday. BMO Capital Markets increased their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Monday, February 23rd. Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. Finally, UBS Group set a $70.00 target price on shares of TechnipFMC in a report on Friday, February 20th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.40.

About TechnipFMC

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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