Toth Financial Advisory Corp Sells 22,105 Shares of TechnipFMC plc (NYSE:FTI)

Toth Financial Advisory Corp decreased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 83.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,395 shares of the oil and gas company's stock after selling 22,105 shares during the quarter. Toth Financial Advisory Corp's holdings in TechnipFMC were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FTI. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC during the fourth quarter worth $46,000. 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 buying an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC during the 4th quarter worth about $45,000. EverSource Wealth Advisors LLC grew its holdings in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays increased 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. Susquehanna cut their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.46.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.71 during trading on Tuesday, reaching $32.93. 4,120,643 shares of the stock were exchanged, compared to its average volume of 4,028,644. TechnipFMC plc has a 12 month low of $22.12 and a 12 month high of $33.45. The stock has a 50-day moving average price of $28.54 and a 200-day moving average price of $29.57. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market cap of $13.81 billion, a PE ratio of 21.66 and a beta of 1.06.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. Research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC's dividend payout ratio is 10.53%.

Insider Buying and Selling

In other news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred 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 sale, the director now owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.