Swiss National Bank Has $17.39 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Swiss National Bank cut its position in TechnipFMC plc (NYSE:FTI - Free Report) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 863,300 shares of the oil and gas company's stock after selling 107,300 shares during the period. Swiss National Bank owned approximately 0.20% of TechnipFMC worth $17,387,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTI. Parkside Financial Bank & Trust purchased a new position in shares of TechnipFMC in the third quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd purchased a new position in TechnipFMC during the fourth quarter worth approximately $45,000. Systematic Alpha Investments LLC purchased a new position in TechnipFMC during the third quarter worth approximately $146,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in TechnipFMC during the fourth quarter worth $203,000. Finally, International Assets Investment Management LLC acquired a new stake in TechnipFMC during the fourth quarter worth $203,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the 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 directly owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.93% of the stock is owned by corporate insiders.

TechnipFMC Stock Down 0.9 %

NYSE FTI traded down $0.23 during trading hours on Friday, hitting $26.60. The company had a trading volume of 2,541,108 shares, compared to its average volume of 4,561,021. The firm's 50 day moving average is $25.12 and its 200 day moving average is $21.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 0.87. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 57.09 and a beta of 1.62. TechnipFMC plc has a fifty-two week low of $13.11 and a fifty-two week high of $27.30.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm's quarterly revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that TechnipFMC plc will post 1.16 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

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. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. TechnipFMC's dividend payout ratio (DPR) is presently 42.55%.

Analysts Set New Price Targets

FTI has been the subject of a number of research reports. Susquehanna lifted their price objective on TechnipFMC from $27.00 to $34.00 and gave the company a "positive" rating in a research note on Friday, April 26th. TD Cowen lifted their price target on TechnipFMC from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Barclays lifted their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Monday, April 29th. Benchmark reaffirmed a "buy" rating and set a $30.00 price target on shares of TechnipFMC in a report on Friday, April 26th. Finally, HSBC downgraded TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.21.

TechnipFMC Company 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.