TechnipFMC plc (NYSE:FTI) Stake Lowered by Strs Ohio

Strs Ohio cut its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 476,767 shares of the oil and gas company's stock after selling 44,866 shares during the quarter. Strs Ohio owned about 0.11% of TechnipFMC worth $9,602,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FTI. Vanguard Group Inc. lifted its position in shares of 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 worth $809,303,000 after purchasing an additional 30,323,011 shares during the last quarter. BlackRock Inc. increased its stake in shares of TechnipFMC by 87.8% during the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company's stock valued at $330,224,000 after buying an additional 9,287,344 shares during the period. Alliancebernstein L.P. increased its stake in shares of TechnipFMC by 68,732.1% during the fourth quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company's stock valued at $85,987,000 after buying an additional 7,043,670 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of TechnipFMC by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company's stock valued at $718,398,000 after buying an additional 5,888,998 shares during the period. Finally, Invesco Ltd. increased its stake in shares of TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company's stock valued at $263,809,000 after buying an additional 5,587,050 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC 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 value 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 $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FTI. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, April 11th. Benchmark reiterated a "buy" rating and issued a $30.00 target price (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Susquehanna reiterated a "positive" rating and issued a $27.00 target price on shares of TechnipFMC in a research note on Monday, April 8th. Bank of America lifted their target price on TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a research note on Monday. Finally, ATB Capital set a $30.00 price target on TechnipFMC and gave the stock an "outperform" rating in a research note on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.34.

TechnipFMC Stock Performance

Shares of TechnipFMC stock traded down $0.18 on Thursday, reaching $25.16. 3,023,547 shares of the stock were exchanged, compared to its average volume of 4,736,186. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. TechnipFMC plc has a twelve month low of $12.64 and a twelve month high of $27.26. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 211.02 and a beta of 1.65. The business has a 50 day moving average price of $23.30 and a two-hundred day moving average price of $21.25.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results 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. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company's revenue was up 22.6% compared to the same quarter last year. Analysts anticipate that TechnipFMC plc will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 18th. TechnipFMC's payout ratio is presently 166.68%.

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.