Voya Investment Management LLC Purchases 16,764 Shares of TechnipFMC plc (NYSE:FTI)

Voya Investment Management LLC grew its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 959,595 shares of the oil and gas company's stock after acquiring an additional 16,764 shares during the period. Voya Investment Management LLC owned 0.23% of TechnipFMC worth $27,771,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in TechnipFMC during the fourth quarter worth approximately $96,808,000. Anomaly Capital Management LP raised its holdings in TechnipFMC by 46.5% in the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock worth $210,295,000 after acquiring an additional 2,306,342 shares during the period. Vanguard Group Inc. lifted its position in TechnipFMC by 4.1% during 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 acquiring an additional 1,623,864 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TechnipFMC by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after acquiring an additional 1,319,015 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in shares of TechnipFMC in the fourth quarter valued at about $36,567,000. Institutional investors and hedge funds own 96.58% of the company's stock.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research analyst reports. Susquehanna lowered 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. Barclays upped their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Monday. Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Evercore ISI lifted their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

Insider Activity

In other TechnipFMC news, 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 value of $279,178.56. Following the sale, the director now owns 100,951 shares in the company, valued at approximately $3,004,301.76. The trade was a 8.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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. This represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 over the last quarter. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Trading Up 2.5 %

NYSE:FTI traded up $0.72 during mid-day trading on Friday, hitting $29.74. The company had a trading volume of 974,754 shares, compared to its average volume of 3,972,837. The firm has a market cap of $12.51 billion, a P/E ratio of 19.53 and a beta of 1.11. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The business's fifty day moving average is $27.44 and its two-hundred day moving average is $28.93. 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 (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the company posted $0.22 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts expect that TechnipFMC plc will post 1.63 earnings per share 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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's payout ratio is currently 10.53%.

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.