TechnipFMC plc (NYSE:FTI) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 88.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,800 shares of the oil and gas company's stock after buying an additional 134,900 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of TechnipFMC worth $8,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FTI. Smartleaf Asset Management LLC lifted its position in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 525 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC during the fourth quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in TechnipFMC during the fourth quarter worth $46,000. EverSource Wealth Advisors LLC boosted its position in TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after purchasing an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 3.1 %

TechnipFMC stock traded up $0.86 during trading on Friday, hitting $28.36. The company's stock had a trading volume of 6,006,081 shares, compared to its average volume of 3,979,967. The stock's fifty day moving average is $27.52 and its 200 day moving average is $28.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS 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 company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, equities research analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

Wall Street Analysts Forecast Growth

FTI has been the topic of several recent research reports. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI increased their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Piper Sandler raised their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays upped their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Susquehanna cut their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Two investment 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 company. According to data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average target price of $36.83.

Insider Activity

In other TechnipFMC news, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock valued at $1,651,665 in the last ninety days. Company insiders own 1.80% of the company's stock.

TechnipFMC 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.