Ostrum Asset Management Boosts Holdings in TechnipFMC plc (NYSE:FTI)

Ostrum Asset Management increased its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,445 shares of the oil and gas company's stock after buying an additional 14,965 shares during the period. Ostrum Asset Management's holdings in TechnipFMC were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in TechnipFMC during the fourth quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC during the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC grew its position in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the period. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TechnipFMC news, CAO David Light sold 10,147 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at approximately $187,472.10. The trade was a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by insiders.

TechnipFMC Stock Performance

Shares of FTI traded up $0.86 during mid-day trading on Friday, hitting $28.36. 6,006,081 shares of the company traded hands, compared to its average volume of 3,978,217. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11. The stock has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $28.89. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. Equities analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna cut their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Piper Sandler lifted their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Evercore ISI lifted their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.31.

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.