Vaughan Nelson Investment Management L.P. Lowers Position in TechnipFMC plc (NYSE:FTI)

Vaughan Nelson Investment Management L.P. lowered its position in TechnipFMC plc (NYSE:FTI - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,063,670 shares of the oil and gas company's stock after selling 1,246,040 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.25% of TechnipFMC worth $33,708,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of TechnipFMC by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock valued at $1,220,288,000 after acquiring an additional 365,527 shares during the period. Vanguard Group Inc. grew its stake in TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after purchasing an additional 1,623,864 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in TechnipFMC by 31.5% in the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after purchasing an additional 3,962,315 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TechnipFMC by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after buying an additional 1,319,015 shares during the last quarter. Finally, Anomaly Capital Management LP lifted its position in shares of TechnipFMC by 46.5% during the fourth quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after buying an additional 2,306,342 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction dated 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 directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company's stock.

TechnipFMC Stock Performance

FTI stock traded up $0.05 during midday trading on Wednesday, reaching $35.36. The stock had a trading volume of 2,144,654 shares, compared to its average volume of 4,044,849. The firm has a fifty day simple moving average of $29.64 and a two-hundred day simple moving average of $29.73. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $35.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a market cap of $14.82 billion, a PE ratio of 18.60, a P/E/G ratio of 1.20 and a beta of 1.06.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data 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). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC's payout ratio is 10.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FTI. Barclays lifted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Susquehanna reduced their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Sanford C. Bernstein downgraded 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. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.46.

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.