TechnipFMC plc (NYSE:FTI) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,781 shares of the oil and gas company's stock after selling 7,769 shares during the period. US Bancorp DE's holdings in TechnipFMC were worth $2,497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FTI. Bank of New York Mellon Corp grew its holdings in shares of TechnipFMC by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after acquiring an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in TechnipFMC during the first quarter worth $205,000. Stephens Investment Management Group LLC boosted its position in TechnipFMC by 0.8% during the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after purchasing an additional 27,884 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in TechnipFMC in the first quarter valued at $33,000. Finally, Federated Hermes Inc. increased its position in shares of TechnipFMC by 54.4% in the first quarter. Federated Hermes Inc. now owns 183,907 shares of the oil and gas company's stock valued at $5,828,000 after buying an additional 64,793 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Activity at TechnipFMC

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

TechnipFMC Trading Down 0.5%

FTI stock traded down $0.18 during midday trading on Friday, hitting $34.94. The stock had a trading volume of 1,847,145 shares, compared to its average volume of 4,459,650. The company's 50-day moving average price is $34.40 and its 200 day moving average price is $30.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a market cap of $14.36 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. TechnipFMC's dividend payout ratio is currently 9.43%.

Wall Street Analyst Weigh In

FTI has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research 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. Barclays increased their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Evercore ISI lifted their price objective on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

About TechnipFMC

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.