Raymond James & Associates Sells 39,914 Shares of TechnipFMC plc (NYSE:FTI)

Raymond James & Associates lowered its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,191 shares of the oil and gas company's stock after selling 39,914 shares during the period. Raymond James & Associates owned approximately 0.06% of TechnipFMC worth $5,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FTI. SG Americas Securities LLC lifted its position in TechnipFMC by 71.1% in the 4th quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company's stock worth $3,072,000 after buying an additional 63,378 shares in the last quarter. Syntal Capital Partners LLC purchased a new stake in shares of TechnipFMC during the third quarter worth $665,000. Vanguard Group Inc. boosted its position in TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company's stock valued at $809,303,000 after purchasing an additional 30,323,011 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in TechnipFMC in the third quarter valued at about $739,000. Finally, AXQ Capital LP acquired a new position in TechnipFMC in the 3rd quarter worth about $1,037,000. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of FTI traded down $0.59 during mid-day trading on Thursday, hitting $26.36. The company's stock had a trading volume of 3,732,279 shares, compared to its average volume of 4,841,592. The stock's 50-day moving average is $22.78 and its two-hundred day moving average is $21.12. The firm has a market capitalization of $11.52 billion, a PE ratio of 219.68 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. TechnipFMC plc has a one year low of $12.64 and a one year high of $27.26.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. The business's revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.16 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC's dividend payout ratio (DPR) is 166.68%.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business's stock in a transaction that occurred 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 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. Corporate insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the subject of several recent research reports. 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. StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. ATB Capital set a $30.00 price objective on shares of TechnipFMC and gave the stock an "outperform" rating in a report on Friday, December 22nd. HSBC lowered TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Finally, Susquehanna reiterated a "positive" rating and set a $27.00 price target on shares of TechnipFMC in a research note on Monday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and a consensus price target of $25.11.

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.