TechnipFMC plc $FTI Stock Position Trimmed by Bosman Wealth Management LLC

Key Points

• Bosman Wealth Management LLC reduced its stake in TechnipFMC plc by 17.3% in the second quarter, now holding 149,008 shares, which is valued at approximately $5.1 million.
• Insider Thierry Conti sold 50,000 shares of TechnipFMC for around $1.93 million, representing a significant 47% decrease in ownership.
• TechnipFMC recently reported an earnings per share (EPS) of $0.68 for the last quarter, beating the consensus estimate and indicating a 9% increase in quarterly revenue year-over-year.

Bosman Wealth Management LLC lessened its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,008 shares of the oil and gas company's stock after selling 31,115 shares during the quarter. TechnipFMC accounts for 4.6% of Bosman Wealth Management LLC's portfolio, making the stock its 6th largest position. Bosman Wealth Management LLC's holdings in TechnipFMC were worth $5,132,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FTI. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of TechnipFMC by 116.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 81,154 shares of the oil and gas company's stock valued at $2,349,000 after buying an additional 43,714 shares during the period. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 3,925.4% in the 1st quarter. GAMMA Investing LLC now owns 91,457 shares of the oil and gas company's stock valued at $2,886,000 after buying an additional 89,185 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of TechnipFMC by 7.7% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock valued at $293,000 after buying an additional 657 shares during the period. Merit Financial Group LLC lifted its holdings in shares of TechnipFMC by 229.9% in the 1st quarter. Merit Financial Group LLC now owns 46,720 shares of the oil and gas company's stock valued at $1,481,000 after buying an additional 32,559 shares during the period. Finally, Viking Fund Management LLC acquired a new position in shares of TechnipFMC in the 1st quarter valued at about $1,268,000. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In other news, insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction that occurred on 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 owned 56,352 shares in the company, valued at $2,177,441.28. This trade represents a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 885,984 shares of company stock worth $34,180,811. 1.80% of the stock is owned by insiders.

TechnipFMC Stock Performance

Shares of FTI stock opened at $39.99 on Tuesday. The company has a market capitalization of $16.44 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.29 and a beta of 1.10. The business's 50 day moving average is $37.20 and its two-hundred day moving average is $32.96. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $41.29.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

Analysts Set New Price Targets

FTI has been the subject of several analyst reports. Citigroup reissued a "buy" rating and issued a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Susquehanna boosted their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. Royal Bank Of Canada boosted their price objective on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wall Street Zen cut TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday. Finally, Evercore ISI upped their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.92.

TechnipFMC 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.

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