Sciencast Management LP Sells 52,848 Shares of TechnipFMC plc $FTI

Key Points

• Sciencast Management LP reduced its holdings in TechnipFMC plc by 52% in Q1, owning 48,704 shares worth $1,543,000 after selling 52,848 shares.
• TechnipFMC reported a 0.68 EPS for the quarter, surpassing estimates of $0.57, with revenues of $2.53 billion, a 9% increase year-over-year.
• The company announced a quarterly dividend of $0.05 per share, yielding 0.5%, with a dividend payout ratio of 9.43%.

Sciencast Management LP decreased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,704 shares of the oil and gas company's stock after selling 52,848 shares during the quarter. Sciencast Management LP's holdings in TechnipFMC were worth $1,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 9.0% in the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock worth $571,583,000 after purchasing an additional 1,492,746 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TechnipFMC by 2.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,952,064 shares of the oil and gas company's stock worth $315,381,000 after purchasing an additional 202,599 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of TechnipFMC by 111.4% in the 1st quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock worth $273,078,000 after purchasing an additional 4,602,939 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of TechnipFMC by 18.0% in the 1st quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock worth $236,371,000 after purchasing an additional 1,136,554 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of TechnipFMC by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,124,326 shares of the oil and gas company's stock worth $162,390,000 after purchasing an additional 910,891 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

Shares of TechnipFMC stock traded down $0.47 during trading hours on Friday, hitting $39.83. 5,681,535 shares of the company's stock traded hands, compared to its average volume of 7,221,165. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $41.29. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.27 and a beta of 1.10. The company has a fifty day simple moving average of $36.02 and a 200-day simple moving average of $31.99. 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 data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FTI shares. Royal Bank Of Canada increased their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Barclays raised their price objective on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Citigroup restated a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Evercore ISI raised their price objective on TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director owned 62,978 shares of the company's stock, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

TechnipFMC Company Profile

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.