UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 53,206 Shares of TechnipFMC plc $FTI

Key Points

• UBS Asset Management Americas LLC increased its stake in TechnipFMC plc by 4.9% during the first quarter, now owning approximately $36.11 million worth of shares.
• TechnipFMC reported earnings of $0.68 per share for the last quarter, exceeding analysts' estimates and showing a 9.0% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.05 per share, resulting in an annual yield of 0.5%, and a payout ratio of 9.43%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,139,326 shares of the oil and gas company's stock after purchasing an additional 53,206 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.27% of TechnipFMC worth $36,105,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in TechnipFMC during the 1st quarter valued at about $33,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after acquiring an additional 346 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of TechnipFMC by 2,216.1% during the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 2,061 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 valued at $91,000 after acquiring an additional 614 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock valued at $92,000 after acquiring an additional 2,219 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FTI has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Susquehanna raised their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Evercore ISI boosted their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.92.

TechnipFMC Stock Performance

NYSE FTI traded up $0.02 on Thursday, reaching $39.24. 3,641,426 shares of the stock were exchanged, compared to its average volume of 4,743,808. TechnipFMC plc has a one year low of $22.11 and a one year high of $41.29. The firm has a market capitalization of $16.13 billion, a PE ratio of 18.51, a PEG ratio of 1.25 and a beta of 1.10. The company's 50-day simple moving average is $36.26 and its two-hundred day simple moving average is $32.15. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter last year, the business earned $0.43 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.

Insider Activity

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director owned 62,978 shares in the company, valued at $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

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.