TechnipFMC plc (NYSE:FTI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465,563 shares of the oil and gas company's stock after selling 311,041 shares during the period. New York State Common Retirement Fund owned approximately 0.34% of TechnipFMC worth $29,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its stake in TechnipFMC by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company's stock worth $2,571,000 after buying an additional 660 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of TechnipFMC by 6.8% in the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company's stock valued at $217,000 after purchasing an additional 683 shares in the last quarter. Janney Capital Management LLC boosted its stake in shares of TechnipFMC by 2.8% in the 3rd quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company's stock valued at $546,000 after purchasing an additional 722 shares in the last quarter. Dfpg Investments LLC boosted its stake in shares of TechnipFMC by 2.4% in the 4th quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company's stock valued at $623,000 after purchasing an additional 738 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of TechnipFMC by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 192,800 shares of the oil and gas company's stock valued at $3,922,000 after purchasing an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The shares were 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 of the company's stock, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

FTI has been the subject of a number of research reports. TD Cowen upped their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Saturday, April 20th. Susquehanna upped their price target on shares of TechnipFMC from $27.00 to $34.00 and gave the company a "positive" rating in a report on Friday. Bank of America upped their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a report on Monday, April 15th. Finally, Benchmark reiterated a "buy" rating and set a $30.00 price target on shares of TechnipFMC in a report on Friday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.07.

TechnipFMC Price Performance

Shares of NYSE:FTI remained flat at $26.59 during midday trading on Friday. 3,542,472 shares of the stock were exchanged, compared to its average volume of 4,720,067. The business has a 50-day moving average of $24.21 and a 200 day moving average of $21.54. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 221.58 and a beta of 1.65. 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 12-month low of $12.64 and a 12-month high of $27.26.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.96 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. TechnipFMC's quarterly revenue was up 18.9% compared to the same quarter last year. On average, research analysts predict that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC's dividend payout ratio is presently 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.