TechnipFMC (NYSE:FTI) Sets New 12-Month High at $27.30

TechnipFMC plc (NYSE:FTI - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $27.30 and last traded at $27.19, with a volume of 703161 shares. The stock had previously closed at $26.60.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FTI shares. StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Sunday, April 28th. Susquehanna increased their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a "positive" rating in a report on Friday, April 26th. TD Cowen lifted their price target on TechnipFMC from $30.00 to $32.00 and gave the company a "buy" rating in a report on Friday, April 26th. Bank of America increased their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a "buy" rating in a report on Monday, April 15th. Finally, HSBC downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 target price for the company. in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.21.

TechnipFMC Trading Up 0.9 %

The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11.56 billion, a P/E ratio of 56.57 and a beta of 1.62. The business has a 50-day moving average price of $25.02 and a two-hundred day moving average price of $21.87.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.96 billion. TechnipFMC's revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts expect that TechnipFMC plc will post 1.16 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC's dividend payout ratio is presently 42.55%.

Insider Buying and Selling at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.93% of the company's stock.

Institutional Trading of TechnipFMC

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of TechnipFMC by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company's stock worth $803,888,000 after purchasing an additional 126,247 shares during the last quarter. Invesco Ltd. lifted its stake in shares of TechnipFMC by 75.7% in the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company's stock worth $263,809,000 after acquiring an additional 5,587,050 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TechnipFMC by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company's stock worth $207,764,000 after acquiring an additional 593,828 shares during the period. American Century Companies Inc. lifted its stake in shares of TechnipFMC by 161.9% in the third quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company's stock worth $108,048,000 after acquiring an additional 3,283,972 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of TechnipFMC by 68.7% in the third quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company's stock worth $81,380,000 after acquiring an additional 1,629,170 shares during the period. 96.58% of the stock is currently owned by institutional investors.

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.