TD Waterhouse Canada Inc. Sells 18,284 Shares of TechnipFMC plc (NYSE:FTI)

TD Waterhouse Canada Inc. cut its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,718 shares of the oil and gas company's stock after selling 18,284 shares during the period. TD Waterhouse Canada Inc.'s holdings in TechnipFMC were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in TechnipFMC by 23.0% in the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after buying an additional 679,748 shares during the last quarter. Avantax Advisory Services Inc. increased its position in TechnipFMC by 24.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares during the period. Park Avenue Securities LLC bought a new stake in TechnipFMC during the 4th quarter worth about $519,000. Raymond James Financial Inc. acquired a new position in TechnipFMC during the 4th quarter valued at about $9,152,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of TechnipFMC by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after purchasing an additional 249,719 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

TechnipFMC Stock Up 0.2 %

Shares of TechnipFMC stock traded up $0.05 during trading on Monday, reaching $28.38. The stock had a trading volume of 1,565,804 shares, compared to its average volume of 4,739,285. 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 capitalization of $11.93 billion, a price-to-earnings ratio of 18.67 and a beta of 1.11. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $33.45. The stock has a fifty day moving average price of $27.52 and a two-hundred day moving average price of $28.91.

TechnipFMC (NYSE:FTI - Get Free Report) last released 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). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. Sell-side analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.70%. TechnipFMC's dividend payout ratio is presently 10.42%.

Analysts Set New Price Targets

FTI has been the topic of a number of recent research reports. Susquehanna reduced their price objective on shares of 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 stock an "overweight" rating in a research note on Friday, February 28th. Evercore ISI raised their target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Barclays boosted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

About TechnipFMC

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.