Vaughan Nelson Investment Management L.P. Sells 403,247 Shares of TechnipFMC plc $FTI

Key Points

• Vaughan Nelson Investment Management L.P. reduced its holdings in TechnipFMC plc by 37.9%, selling 403,247 shares and retaining 660,423 shares valued at approximately $22.7 million as of the latest SEC filing.
• Company insiders, including CEO Douglas J. Pferdehirt, sold a total of 885,984 shares worth over $34 million in the past 90 days, reflecting a significant movement of stock among executives.
• TechnipFMC has been upgraded by several analysts, with price targets raised, indicating a positive outlook on the stock after a recent earnings report that exceeded expectations.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 37.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 660,423 shares of the oil and gas company's stock after selling 403,247 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.16% of TechnipFMC worth $22,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in TechnipFMC during the first quarter valued at $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 340 shares during the period. Financial Network Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 346 shares during the period. Brooklyn Investment Group boosted its holdings in shares of TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 2,061 shares during the period. Finally, Compagnie Lombard Odier SCmA boosted its holdings in shares of TechnipFMC by 67.2% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company's stock worth $90,000 after acquiring an additional 1,048 shares during the period. 96.58% of the stock is owned by institutional investors.

Insider Transactions at TechnipFMC

In other TechnipFMC news, CEO Douglas J. Pferdehirt sold 80,304 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.35, for a total transaction of $3,079,658.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value of $1,932,000.00. Following the sale, the insider owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 885,984 shares of company stock worth $34,180,811. Company insiders own 1.80% of the company's stock.

TechnipFMC Trading Down 1.0%

Shares of FTI stock opened at $38.02 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $41.29. The company has a market capitalization of $15.63 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. The business's fifty day moving average is $37.51 and its 200 day moving average is $33.22.

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

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given 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%.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of analyst reports. Barclays raised their price target on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on TechnipFMC from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup reaffirmed a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Finally, Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and a consensus target price of $39.21.

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.

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