Vaughan Nelson Investment Management L.P. Acquires Shares of 1,885,568 TechnipFMC plc (NYSE:FTI)

Vaughan Nelson Investment Management L.P. bought a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,885,568 shares of the oil and gas company's stock, valued at approximately $37,976,000. Vaughan Nelson Investment Management L.P. owned about 0.43% of TechnipFMC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings in shares of TechnipFMC by 366.7% during the 3rd quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its holdings in shares of TechnipFMC by 199.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company's stock worth $56,000 after purchasing an additional 4,404 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $146,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of TechnipFMC during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 96.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTI. Benchmark reissued a "buy" rating and set a $30.00 price objective (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. TD Cowen boosted their price target on TechnipFMC from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Barclays boosted their price target on TechnipFMC from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Susquehanna boosted their price target on TechnipFMC from $25.00 to $27.00 and gave the company a "positive" rating in a research note on Friday, February 23rd. Finally, StockNews.com raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.11.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the sale, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

TechnipFMC Price Performance

TechnipFMC stock traded up $0.56 on Friday, reaching $26.93. The company's stock had a trading volume of 3,423,653 shares, compared to its average volume of 4,675,777. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 224.42 and a beta of 1.65. The business's fifty day moving average price is $22.23 and its 200 day moving average price is $20.96. TechnipFMC plc has a twelve month low of $12.64 and a twelve month high of $27.16.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business's revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Equities analysts expect that TechnipFMC plc will post 1.16 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. TechnipFMC's payout ratio is currently 166.67%.

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.