TechnipFMC plc (NYSE:FTI) Shares Sold by Bosman Wealth Management LLC

Bosman Wealth Management LLC trimmed its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 42.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,123 shares of the oil and gas company's stock after selling 134,551 shares during the period. TechnipFMC makes up 5.8% of Bosman Wealth Management LLC's portfolio, making the stock its 4th biggest holding. Bosman Wealth Management LLC's holdings in TechnipFMC were worth $5,708,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Acuitas Investments LLC increased its position in TechnipFMC by 13.4% in the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after buying an additional 400 shares during the period. KBC Group NV raised its position in shares of TechnipFMC by 2.4% during the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock valued at $575,000 after buying an additional 429 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of TechnipFMC by 4.4% in the fourth quarter. Foundry Partners LLC now owns 13,601 shares of the oil and gas company's stock valued at $394,000 after buying an additional 577 shares during the period. GAMMA Investing LLC grew its position in TechnipFMC by 27.0% during the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after buying an additional 614 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in TechnipFMC by 7.7% during the first quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock worth $293,000 after buying an additional 657 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on FTI. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Thursday, May 22nd. Susquehanna increased their target price on TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a report on Tuesday, July 1st. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Barclays upped their price target 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 reissued a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a report on Thursday. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.31.

TechnipFMC Price Performance

FTI traded up $0.30 during midday trading on Friday, hitting $35.66. The company had a trading volume of 2,475,817 shares, compared to its average volume of 4,122,299. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $35.86. The firm's 50-day simple moving average is $32.52 and its 200-day simple moving average is $30.25. The company 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. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07.

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

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. TechnipFMC's payout ratio is currently 10.53%.

About TechnipFMC

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.