TechnipFMC (NYSE:FTI) CEO Douglas Pferdehirt Sells 632,539 Shares

Key Points

• TechnipFMC CEO Douglas Pferdehirt sold 632,539 shares of the company's stock at an average price of $38.62, totaling approximately $24.4 million in the transaction.
• The company's stock experienced a 2.6% increase, reaching a price of $39.77 during mid-day trading.
• TechnipFMC reported a quarterly earnings of $0.68 per share, exceeding analysts' expectations and indicating a 9.0% revenue growth from the previous year.

TechnipFMC plc (NYSE:FTI - Get Free Report) CEO Douglas Pferdehirt sold 632,539 shares of TechnipFMC stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the completion of the transaction, the chief executive officer directly owned 2,917,054 shares in the company, valued at approximately $112,656,625.48. The trade was a 17.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TechnipFMC Trading Up 2.6%

Shares of NYSE FTI traded up $0.99 during mid-day trading on Tuesday, hitting $39.77. The stock had a trading volume of 4,407,921 shares, compared to its average volume of 4,786,339. The firm has a market cap of $16.35 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. The business has a 50 day moving average price of $36.50 and a two-hundred day moving average price of $32.48. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $41.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's payout ratio is 9.43%.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in TechnipFMC by 9.0% in the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock worth $571,583,000 after acquiring an additional 1,492,746 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TechnipFMC by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company's stock worth $349,280,000 after acquiring an additional 189,637 shares in the last quarter. AQR Capital Management LLC increased its holdings in TechnipFMC by 13.8% in the 2nd quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company's stock worth $342,279,000 after acquiring an additional 1,202,713 shares in the last quarter. Boston Partners increased its holdings in TechnipFMC by 267.5% in the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company's stock worth $333,041,000 after acquiring an additional 7,038,640 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in TechnipFMC by 18.0% in the 1st quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock worth $236,371,000 after purchasing an additional 1,136,554 shares during the period. Hedge funds and other institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Susquehanna upped their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Barclays upped their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

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.

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