Gotham Asset Management LLC Boosts Holdings in TechnipFMC plc (NYSE:FTI)

Gotham Asset Management LLC lifted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,109 shares of the oil and gas company's stock after purchasing an additional 19,076 shares during the quarter. Gotham Asset Management LLC owned approximately 0.09% of TechnipFMC worth $10,914,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FTI. T. Rowe Price Investment Management Inc. grew its position in shares of TechnipFMC by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock worth $1,220,288,000 after acquiring an additional 365,527 shares during the last quarter. Vanguard Group Inc. boosted its stake in TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after purchasing an additional 1,623,864 shares during the period. Ameriprise Financial Inc. grew its position in TechnipFMC by 31.5% during the 4th 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 during the last quarter. Massachusetts Financial Services Co. MA increased its stake in TechnipFMC by 15.6% in 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 purchasing an additional 1,319,015 shares during the period. Finally, Anomaly Capital Management LP raised its holdings in shares of TechnipFMC by 46.5% in 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. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Buying and Selling

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's 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 $3,004,301.76. The trade was a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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. Insiders sold 61,706 shares of company stock worth $1,651,665 in the last ninety days. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FTI. Susquehanna lowered their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Barclays raised 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 research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

TechnipFMC Price Performance

NYSE FTI traded down $0.02 during mid-day trading on Thursday, hitting $31.46. The stock had a trading volume of 2,584,983 shares, compared to its average volume of 4,005,466. The company has a 50 day simple moving average of $27.88 and a 200 day simple moving average of $29.18. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 20.70 and a beta of 0.98. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $2.26 billion. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

About TechnipFMC

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.