Fuller & Thaler Asset Management Inc. Makes New Investment in TechnipFMC plc (NYSE:FTI)

Fuller & Thaler Asset Management Inc. bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,480 shares of the oil and gas company's stock, valued at approximately $506,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Morse Asset Management Inc boosted its position in shares of TechnipFMC by 1.9% in the 3rd quarter. Morse Asset Management Inc now owns 67,575 shares of the oil and gas company's stock worth $1,772,000 after buying an additional 1,245 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of TechnipFMC by 23.0% in the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after purchasing an additional 679,748 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after purchasing an additional 414 shares in the last quarter. Insight Wealth Strategies LLC acquired a new position in shares of TechnipFMC during the 4th quarter worth approximately $4,088,000. Finally, Diversified Trust Co lifted its stake in TechnipFMC by 68.9% in the 4th quarter. Diversified Trust Co now owns 61,281 shares of the oil and gas company's stock valued at $1,773,000 after buying an additional 24,989 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FTI shares. Piper Sandler upped their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Evercore ISI raised their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a research report on Monday. Finally, Barclays lifted their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.83.

Insider Activity at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock worth $1,651,665 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC Stock Down 2.0 %

NYSE FTI traded down $0.59 on Wednesday, hitting $28.21. 4,173,708 shares of the stock traded hands, compared to its average volume of 3,988,477. The company has a market capitalization of $11.86 billion, a P/E ratio of 18.56 and a beta of 1.11. The stock has a 50-day moving average of $27.45 and a 200 day moving average of $28.92. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. 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 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, analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

TechnipFMC 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.