TechnipFMC plc (NYSE:FTI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,920,929 shares of the oil and gas company's stock after purchasing an additional 138,556 shares during the quarter. Dimensional Fund Advisors LP owned 1.16% of TechnipFMC worth $142,414,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTI. Morse Asset Management Inc raised its holdings in shares of TechnipFMC by 1.9% during the third quarter. Morse Asset Management Inc now owns 67,575 shares of the oil and gas company's stock valued at $1,772,000 after acquiring an additional 1,245 shares during the last quarter. Franklin Resources Inc. lifted its position in TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after buying an additional 679,748 shares in the last quarter. GAMMA Investing LLC lifted its position in TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after buying an additional 414 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in TechnipFMC during the fourth quarter worth approximately $4,088,000. Finally, Diversified Trust Co lifted its position in TechnipFMC by 68.9% during the fourth quarter. Diversified Trust Co now owns 61,281 shares of the oil and gas company's stock worth $1,773,000 after buying an additional 24,989 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Evercore ISI lifted their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Piper Sandler lifted their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. 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.com, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus target price of $36.83.

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 over the last three months. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Stock Down 2.4 %

TechnipFMC stock traded down $0.70 during mid-day trading on Wednesday, hitting $28.10. The company had a trading volume of 2,200,478 shares, compared to its average volume of 3,981,105. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 18.49 and a beta of 1.11. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $27.45 and a 200 day moving average of $28.92.

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

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio 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.