TechnipFMC plc (NYSE:FTI) Director Sells $279,178.56 in Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction dated Monday, March 24th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TechnipFMC Trading Up 1.4 %

Shares of FTI opened at $31.22 on Friday. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The stock has a market cap of $13.13 billion, a PE ratio of 20.54 and a beta of 1.54. The firm’s fifty day moving average is $29.59 and its two-hundred day moving average is $28.81. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.64%. TechnipFMC’s dividend payout ratio is presently 10.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FTI shares. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group initiated coverage on TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average price target of $36.31.

Institutional Investors Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently made changes to their positions in FTI. Smartleaf Asset Management LLC increased its position in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in TechnipFMC in the fourth quarter valued at approximately $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC during the 4th quarter worth about $46,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 boosted its position in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 563 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

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.