TechnipFMC plc (NYSE:FTI) Shares Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC grew its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 43.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,118 shares of the oil and gas company's stock after purchasing an additional 10,095 shares during the quarter. Kesler Norman & Wride LLC's holdings in TechnipFMC were worth $1,050,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its holdings in shares of TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after purchasing an additional 4,314 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TechnipFMC during the 4th quarter valued at approximately $9,152,000. Farther Finance Advisors LLC increased its holdings in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock valued at $92,000 after purchasing an additional 2,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of TechnipFMC by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 88,101 shares of the oil and gas company's stock valued at $2,792,000 after purchasing an additional 6,947 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd increased its holdings in shares of TechnipFMC by 1,353.6% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 40,700 shares of the oil and gas company's stock valued at $1,178,000 after purchasing an additional 37,900 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTI. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research report on Thursday, May 22nd. Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating and set a $41.00 target price (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average price target of $37.31.

TechnipFMC Trading Up 0.8%

Shares of NYSE FTI traded up $0.30 during trading on Friday, hitting $35.66. 2,475,817 shares of the company were exchanged, compared to its average volume of 4,122,299. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $35.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. The company has a fifty day moving average price of $32.64 and a 200-day moving average price of $30.29. The firm has a market capitalization of $14.95 billion, a PE ratio of 18.77, a P/E/G ratio of 1.19 and a beta of 1.07.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.56%. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

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.