Tower Research Capital LLC TRC Buys 16,476 Shares of TechnipFMC plc (NYSE:FTI)

Tower Research Capital LLC TRC lifted its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 851.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,412 shares of the oil and gas company's stock after purchasing an additional 16,476 shares during the period. Tower Research Capital LLC TRC's holdings in TechnipFMC were worth $533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of TechnipFMC by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after purchasing an additional 1,623,864 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TechnipFMC by 15.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock worth $282,150,000 after purchasing an additional 1,319,015 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TechnipFMC by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,929 shares of the oil and gas company's stock worth $142,414,000 after purchasing an additional 138,556 shares during the last quarter. American Century Companies Inc. boosted its position in shares of TechnipFMC by 1.2% in the 4th quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock worth $111,982,000 after purchasing an additional 46,224 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TechnipFMC by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after acquiring an additional 249,719 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTI. Evercore ISI lifted their target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Barclays lifted their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a report on Monday. Susquehanna reduced their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler lifted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.83.

Insiders Place Their Bets

In other TechnipFMC news, 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 sale, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Trading Up 1.4 %

FTI opened at $28.74 on Tuesday. TechnipFMC plc has a twelve month low of $22.12 and a twelve month 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 company has a fifty day moving average of $27.48 and a 200-day moving average of $28.92. The stock has a market cap of $12.09 billion, a PE ratio of 18.91 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 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $0.22 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is 10.42%.

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.

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