TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• TechnipFMC plc has received a consensus rating of "Buy" from eighteen analysts, with an average price target of $41.93.
• Insiders sold a total of 876,603 shares of TechnipFMC stock valued at approximately $33.8 million in the last 90 days.
• The company announced a quarterly dividend of $0.05 per share, with an upcoming share repurchase plan authorizing $2 billion to buy back stock, indicating potential undervaluation.

TechnipFMC plc (NYSE:FTI - Get Free Report) has received a consensus rating of "Buy" from the eighteen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.9286.

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Evercore ISI raised their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Zacks Research upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Finally, BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th.

Insiders Place Their Bets

In other news, CFO Alf Melin sold 113,760 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares of the company's stock, valued at approximately $9,310,415.40. This trade represents a 32.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thierry Conti sold 50,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the transaction, the insider owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 876,603 shares of company stock valued at $33,832,588 in the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 657 shares in the last quarter. New York State Teachers Retirement System acquired a new position in TechnipFMC during the first quarter worth $33,000. Geneos Wealth Management Inc. grew its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after buying an additional 340 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TechnipFMC in the 2nd quarter worth $44,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 346 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Up 8.9%

TechnipFMC stock opened at $40.83 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market capitalization of $16.78 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.10 and a beta of 1.04. The business has a 50 day simple moving average of $37.86 and a 200-day simple moving average of $33.89. TechnipFMC has a 12 month low of $22.11 and a 12 month high of $41.35.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts anticipate that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 18th. TechnipFMC's dividend payout ratio is currently 9.43%.

TechnipFMC declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

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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