NewEdge Advisors LLC Boosts Holdings in TechnipFMC plc (NYSE:FTI)

NewEdge Advisors LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,541 shares of the oil and gas company's stock after purchasing an additional 20,073 shares during the period. NewEdge Advisors LLC's holdings in TechnipFMC were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

TechnipFMC Trading Up 3.1 %

TechnipFMC stock traded up $0.86 during mid-day trading on Friday, hitting $28.36. The company's stock had a trading volume of 6,006,081 shares, compared to its average volume of 3,978,217. The stock's fifty day moving average is $27.52 and its two-hundred day moving average is $28.89. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $11.93 billion, a PE ratio of 18.66 and a beta of 1.11. TechnipFMC plc has a 1 year low of $22.12 and a 1 year 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. On average, analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.05 dividend. 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 currently 10.42%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTI. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Susquehanna reduced their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Barclays upped their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Evercore ISI increased their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.31.

Insider Transactions at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Justin Rounce sold 42,178 shares of the 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 transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by company insiders.

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.