TechnipFMC (NYSE:FTI) Insider Sells $1,932,000.00 in Stock

Key Points

• TechnipFMC insider Thierry Conti sold 50,000 shares at an average price of $38.64, totaling approximately $1.93 million, representing a 47.01% decrease in ownership.
• The company reported an EPS of $0.68 for the last quarter, beating analysts' expectations by $0.11, with revenue increasing by 9% year-over-year to $2.53 billion.
• TechnipFMC announced a quarterly dividend of $0.05 per share, equating to a 0.5% dividend yield, with a payout ratio of 9.43%.

TechnipFMC plc (NYSE:FTI - Get Free Report) insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the sale, the insider owned 56,352 shares in the company, valued at $2,177,441.28. This represents a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TechnipFMC Stock Performance

FTI stock traded up $0.99 during trading on Tuesday, reaching $39.77. The company had a trading volume of 4,407,921 shares, compared to its average volume of 4,786,339. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $41.29. The firm has a 50-day simple moving average of $36.50 and a 200-day simple moving average of $32.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10.

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

TechnipFMC Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's payout ratio is 9.43%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FTI shares. Evercore ISI lifted their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Susquehanna lifted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Barclays lifted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

Hedge Funds Weigh In On TechnipFMC

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners boosted its position in shares of TechnipFMC by 267.5% during the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company's stock valued at $333,041,000 after acquiring an additional 7,038,640 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of TechnipFMC by 111.4% during the 1st quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock valued at $273,078,000 after acquiring an additional 4,602,939 shares during the last quarter. Norges Bank acquired a new position in shares of TechnipFMC during the 2nd quarter valued at about $151,413,000. Nuveen LLC acquired a new position in shares of TechnipFMC during the 1st quarter valued at about $64,217,000. Finally, Encompass Capital Advisors LLC acquired a new position in shares of TechnipFMC during the 1st quarter valued at about $47,535,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.