TechnipFMC plc (NYSE:FTI) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC lowered its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,600 shares of the oil and gas company's stock after selling 73,237 shares during the period. TechnipFMC comprises 7.9% of Kopion Asset Management LLC's portfolio, making the stock its 3rd largest holding. Kopion Asset Management LLC owned 0.08% of TechnipFMC worth $10,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FTI. Smartleaf Asset Management LLC boosted its stake in shares of TechnipFMC by 55.2% during the 4th 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. Compagnie Lombard Odier SCmA purchased a new stake in shares of TechnipFMC during the 4th quarter worth approximately $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of TechnipFMC during the 4th quarter worth approximately $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 393.5% during the 4th 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. Finally, V Square Quantitative Management LLC boosted its stake in shares of TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FTI. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Barclays boosted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. 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 note on Thursday, May 22nd. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Susquehanna reduced their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Trading Up 0.2%

Shares of TechnipFMC stock traded up $0.07 during trading hours on Monday, reaching $31.22. 4,567,933 shares of the company's stock were exchanged, compared to its average volume of 4,037,688. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 20.54 and a beta of 0.98. The company has a fifty day moving average of $28.51 and a 200-day moving average of $29.46. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

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 return on equity of 20.11% and a net margin of 7.63%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company earned $0.22 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. TechnipFMC's payout ratio is 10.53%.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 in the last ninety days. Insiders own 1.80% of the company's stock.

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.