TechnipFMC plc (NYSE:FTI) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. cut its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 16.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,885 shares of the oil and gas company's stock after selling 21,882 shares during the quarter. Ninety One North America Inc.'s holdings in TechnipFMC were worth $3,451,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FTI. Acuitas Investments LLC grew its stake 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 valued at $108,000 after acquiring an additional 400 shares during the period. KBC Group NV grew its position in shares of TechnipFMC by 2.4% in the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock valued at $575,000 after purchasing an additional 429 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of 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 purchasing an additional 525 shares in the last quarter. Foundry Partners LLC raised its position in shares of TechnipFMC by 4.4% during the 4th quarter. Foundry Partners LLC now owns 13,601 shares of the oil and gas company's stock worth $394,000 after purchasing an additional 577 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 614 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Down 0.3%

Shares of FTI traded down $0.11 during trading on Monday, reaching $34.79. 3,055,713 shares of the company traded hands, compared to its average volume of 4,121,527. The stock has a 50-day simple moving average of $32.01 and a 200-day simple moving average of $30.09. The stock has a market cap of $14.59 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $35.71. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. On average, analysts anticipate that TechnipFMC plc will post 1.63 earnings per share 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 given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. TechnipFMC's payout ratio is currently 10.53%.

Analyst Ratings Changes

Several research firms have commented on FTI. Susquehanna boosted their price objective on TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Thursday, May 22nd. Finally, Barclays upped 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. 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. According to data from MarketBeat, TechnipFMC has an average rating of "Moderate Buy" and a consensus price target of $36.85.

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.