Geller Advisors LLC Sells 19,510 Shares of TechnipFMC plc (NYSE:FTI)

Geller Advisors LLC trimmed its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,087 shares of the oil and gas company's stock after selling 19,510 shares during the quarter. Geller Advisors LLC's holdings in TechnipFMC were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in TechnipFMC in the 4th quarter valued at approximately $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in TechnipFMC in the 4th quarter valued at approximately $46,000. EverSource Wealth Advisors LLC raised its position in TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after buying an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after buying an additional 563 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO David Light sold 10,147 shares of the company'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 transaction, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. This represents a 57.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 over the last 90 days. 1.80% of the stock is owned by company insiders.

TechnipFMC Price Performance

FTI traded down $0.76 during trading on Thursday, reaching $30.72. 152,648 shares of the company traded hands, compared to its average volume of 3,996,037. The company has a market cap of $12.88 billion, a P/E ratio of 20.21 and a beta of 0.98. The firm has a fifty day simple moving average of $27.88 and a 200 day simple moving average of $29.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the business posted $0.22 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.65%. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna lowered their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Evercore ISI boosted their price objective 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. Piper Sandler boosted their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.83.

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.