Cerity Partners LLC Makes New $6.84 Million Investment in TechnipFMC plc (NYSE:FTI)

Cerity Partners LLC acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 339,431 shares of the oil and gas company's stock, valued at approximately $6,836,000. Cerity Partners LLC owned 0.08% of TechnipFMC at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTI. Raymond James & Associates grew its holdings in TechnipFMC by 18.6% in the first quarter. Raymond James & Associates now owns 266,995 shares of the oil and gas company's stock valued at $2,069,000 after purchasing an additional 41,955 shares during the period. Bank of Montreal Can grew its holdings in TechnipFMC by 334.1% in the first quarter. Bank of Montreal Can now owns 49,994 shares of the oil and gas company's stock valued at $388,000 after purchasing an additional 38,477 shares during the period. BlackRock Inc. grew its holdings in TechnipFMC by 11.6% in the first quarter. BlackRock Inc. now owns 9,915,455 shares of the oil and gas company's stock valued at $76,845,000 after purchasing an additional 1,029,472 shares during the period. Yousif Capital Management LLC acquired a new stake in TechnipFMC in the first quarter valued at approximately $172,000. Finally, Sei Investments Co. lifted its position in shares of TechnipFMC by 93.5% in the first quarter. Sei Investments Co. now owns 258,480 shares of the oil and gas company's stock valued at $1,989,000 after acquiring an additional 124,906 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction, the director now directly owns 103,982 shares of the company's stock, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.93% of the company's stock.

Analysts Set New Price Targets

FTI has been the topic of several research reports. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, April 11th. HSBC downgraded TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 target price on the stock. in a research report on Friday, February 23rd. TD Cowen raised their target price on TechnipFMC from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Barclays lifted their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Finally, Susquehanna reiterated a "positive" rating and set a $27.00 price objective on shares of TechnipFMC in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.34.

TechnipFMC Trading Down 0.8 %

Shares of NYSE FTI traded down $0.20 during trading on Tuesday, reaching $25.28. The stock had a trading volume of 2,624,097 shares, compared to its average volume of 4,777,206. TechnipFMC plc has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. 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 business's 50-day moving average price is $23.18 and its 200-day moving average price is $21.23. The company has a market cap of $11.05 billion, a P/E ratio of 210.64 and a beta of 1.65.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $1.90 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company's revenue was up 22.6% on a year-over-year basis. On average, equities research analysts predict that TechnipFMC plc will post 1.15 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were paid a $0.05 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. TechnipFMC's payout ratio is presently 166.68%.

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.