TechnipFMC plc $FTI Stock Acquired by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its TechnipFMC stake by 15.6% in the third quarter, purchasing 26,339 additional shares for a total holding worth approximately $13.2 million. Institutional investors and hedge funds collectively own 96.58% of the company.
• TechnipFMC delivered a strong quarter, reporting adjusted EPS of $1.05 versus the $0.88 consensus and revenue of $2.90 billion, up 9.4% year over year and above expectations.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and a $74.83 price target. Growth expectations are supported by offshore energy investment and a sustained deepwater cycle, though valuation and the stock’s substantial recent advance remain considerations.

Asset Management One Co. Ltd. lifted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,735 shares of the oil and gas company's stock after acquiring an additional 26,339 shares during the period. Asset Management One Co. Ltd.'s holdings in TechnipFMC were worth $13,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTI. Latitude Advisors LLC acquired a new stake in shares of TechnipFMC in the third quarter valued at approximately $41,000. SYM FINANCIAL Corp boosted its holdings in TechnipFMC by 2.2% during the third quarter. SYM FINANCIAL Corp now owns 7,627 shares of the oil and gas company's stock worth $518,000 after purchasing an additional 167 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in TechnipFMC in the third quarter valued at $490,000. Apollon Wealth Management LLC grew its position in TechnipFMC by 43.9% in the third quarter. Apollon Wealth Management LLC now owns 4,482 shares of the oil and gas company's stock valued at $304,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in TechnipFMC by 225.5% in the 3rd quarter. Sigma Planning Corp now owns 18,807 shares of the oil and gas company's stock valued at $1,273,000 after buying an additional 13,029 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Key TechnipFMC News

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Material earnings and revenue beats: TechnipFMC reported adjusted earnings of $1.05 per share, well above the $0.88 consensus estimate and up from $0.75 a year earlier. Revenue reached $2.90 billion, exceeding the $2.79 billion forecast and increasing 9.4% year over year. TechnipFMC third-quarter earnings results
• Positive Sentiment: Strong operating performance: The quarter featured an 11.28% net margin and 36.54% return on equity. Management commentary and the earnings presentation highlighted continued momentum in the business and expectations for a sustained, long deepwater cycle—an important demand driver for TechnipFMC’s subsea services and equipment. TechnipFMC deepwater cycle outlook
• Positive Sentiment: Improved growth narrative: The earnings call and presentation suggest that offshore energy investment is supporting TechnipFMC’s order and revenue outlook. Investors appear encouraged that quarterly growth is being supported by durable project activity rather than only short-term cost controls. TechnipFMC Q3 earnings call transcript
• Neutral Sentiment: Valuation remains a consideration: Articles describe FTI as potentially undervalued under a growth-at-a-reasonable-price strategy. However, the stock trades at roughly 23.9 times earnings after a substantial one-year advance, so further gains may depend on continued earnings growth and execution. TechnipFMC valuation analysis

Insiders Place Their Bets

In other news, Director Eric D. Mullins acquired 6,365 shares of TechnipFMC stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the transaction, the director directly owned 8,070 shares of the company's stock, valued at approximately $633,898.50. The trade was a 373.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thierry Conti sold 6,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total value of $431,100.00. Following the completion of the transaction, the insider directly owned 85,813 shares of the company's stock, valued at approximately $6,165,664.05. The trade was a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.40% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $68.70 on Friday. TechnipFMC plc has a 12-month low of $41.06 and a 12-month high of $80.70. The company's 50 day moving average price is $72.32 and its two-hundred day moving average price is $68.99. The firm has a market cap of $26.94 billion, a PE ratio of 21.60, a PEG ratio of 1.07 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.08.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.17. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.79 billion. TechnipFMC had a net margin of 12.04% and a return on equity of 39.82%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Equities research analysts predict that TechnipFMC plc will post 3.20 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Tuesday, November 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, November 17th. TechnipFMC's dividend payout ratio is currently 6.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group started coverage on shares of TechnipFMC in a research report on Monday, October 12th. They set a "buy" rating and a $89.00 price target on the stock. Barclays decreased their price objective on TechnipFMC from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Thursday, October 15th. Wall Street Zen downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded TechnipFMC from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, October 16th. Finally, Zacks Research upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $74.83.

TechnipFMC Profile

TechnipFMC plc NYSE: FTI is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.

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