TechnipFMC plc (NYSE:FTI) Stock Holdings Increased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 24.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,536,710 shares of the oil and gas company’s stock after buying an additional 301,329 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in TechnipFMC were worth $40,306,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of TechnipFMC by 43.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,405 shares of the oil and gas company’s stock valued at $211,000 after acquiring an additional 2,543 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in TechnipFMC in the 1st quarter worth about $205,000. Envestnet Portfolio Solutions Inc. acquired a new position in TechnipFMC in the 1st quarter worth about $236,000. Vanguard Group Inc. raised its stake in shares of TechnipFMC by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company’s stock worth $1,005,652,000 after purchasing an additional 134,880 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of TechnipFMC during the 1st quarter valued at about $965,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analysts Set New Price Targets

FTI has been the topic of a number of research reports. BMO Capital Markets increased their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Bank of America increased their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. TD Cowen upped their price target on TechnipFMC from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Barclays upped their price target on TechnipFMC from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $33.60.

TechnipFMC Trading Down 1.1 %

Shares of TechnipFMC stock opened at $28.18 on Friday. 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’s 50 day moving average is $26.54 and its 200-day moving average is $26.36. TechnipFMC plc has a 12-month low of $18.33 and a 12-month high of $29.85. The stock has a market cap of $11.99 billion, a P/E ratio of 18.54 and a beta of 1.51.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company posted $0.21 EPS. TechnipFMC’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that TechnipFMC plc will post 1.47 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 19th. TechnipFMC’s payout ratio is presently 13.16%.

TechnipFMC declared that its board has initiated a share buyback program on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the oil and gas company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are 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.