Quadcap Wealth Management LLC Buys Shares of 15,697 TechnipFMC plc (NYSE:FTI)

Quadcap Wealth Management LLC purchased a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,697 shares of the oil and gas company's stock, valued at approximately $454,000.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in TechnipFMC by 55.2% during the fourth 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 bought a new stake in TechnipFMC during the fourth quarter valued at about $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC in the fourth quarter worth about $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 563 shares during the period. Institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FTI shares. Susquehanna dropped their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Barclays upped their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Sanford C. Bernstein lowered TechnipFMC from an "outperform" rating to a "market perform" rating and set a $32.00 price objective for the company. in a research note on Thursday. Finally, Wall Street Zen lowered TechnipFMC from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and an average target price of $36.46.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the firm's 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 transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,706 shares of company stock valued at $1,651,665. Insiders own 1.80% of the company's stock.

TechnipFMC Price Performance

Shares of NYSE:FTI traded down $0.44 during mid-day trading on Thursday, reaching $29.44. The stock had a trading volume of 1,389,570 shares, compared to its average volume of 3,999,527. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The company has a market cap of $12.34 billion, a P/E ratio of 19.36 and a beta of 0.98. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The business's 50 day moving average price is $28.34 and its 200 day moving average price is $29.34.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. TechnipFMC's quarterly revenue was up 9.4% on a year-over-year basis. Research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

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.