TechnipFMC plc (NYSE:FTI) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 33.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,524 shares of the oil and gas company's stock after selling 20,757 shares during the period. Diversified Trust Co's holdings in TechnipFMC were worth $1,284,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC during the 4th quarter valued at $46,000. Smartleaf Asset Management LLC boosted its stake in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,338 shares in the last quarter. Westpac Banking Corp purchased a new stake in TechnipFMC in the fourth quarter worth about $55,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of TechnipFMC by 106.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock valued at $59,000 after purchasing an additional 1,047 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

TechnipFMC Price Performance

NYSE FTI traded down $0.02 during trading hours on Wednesday, hitting $34.62. 2,174,202 shares of the company's stock traded hands, compared to its average volume of 4,096,843. The company has a market capitalization of $14.51 billion, a PE ratio of 18.22, a PEG ratio of 1.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $35.71. The firm's 50-day moving average is $31.54 and its 200-day moving average is $29.98.

TechnipFMC (NYSE:FTI - Get Free Report) last announced 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 net margin of 8.93% and a return on equity of 27.01%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company earned $0.22 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.58%. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTI. Wall Street Zen downgraded TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Susquehanna raised their price objective on shares of TechnipFMC from $35.00 to $40.00 and gave the company a "positive" rating in a research note on Tuesday. Barclays lifted their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Finally, Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.85.

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.