Vise Technologies Inc. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,594 shares of the oil and gas company's stock, valued at approximately $249,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of FTI. Yousif Capital Management LLC grew its position in TechnipFMC by 4.6% during the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after buying an additional 357 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after purchasing an additional 363 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares during the last quarter. V Square Quantitative Management LLC raised its stake in 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 purchasing an additional 563 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in TechnipFMC by 4.4% during the fourth quarter. Foundry Partners LLC now owns 13,601 shares of the oil and gas company's stock valued at $394,000 after purchasing an additional 577 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.
Insider Activity
In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. This trade represents a 57.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock valued at $1,651,665. Insiders own 1.80% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on FTI. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Susquehanna lowered 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. Piper Sandler lifted their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Finally, Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Two research 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.46.
Check Out Our Latest Analysis on TechnipFMC
TechnipFMC Trading Up 0.2%
TechnipFMC stock traded up $0.07 during trading hours on Monday, reaching $31.22. The company had a trading volume of 4,567,933 shares, compared to its average volume of 4,037,688. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45. The company has a 50-day moving average price of $28.52 and a 200 day moving average price of $29.48. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 20.54 and a beta of 0.98.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its 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). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business posted $0.22 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.
TechnipFMC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's payout ratio is 10.53%.
TechnipFMC Company Profile
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Free Report)
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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