TechnipFMC plc (NYSE:FTI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in TechnipFMC plc (NYSE:FTI) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,745 shares of the oil and gas company’s stock after selling 146,166 shares during the period. Segall Bryant & Hamill LLC’s holdings in TechnipFMC were worth $12,524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FTI. Franklin Resources Inc. lifted its stake in shares of TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock worth $98,838,000 after purchasing an additional 679,748 shares during the period. Avantax Advisory Services Inc. lifted its position in TechnipFMC by 24.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company’s stock worth $634,000 after buying an additional 4,314 shares during the period. Park Avenue Securities LLC purchased a new stake in TechnipFMC in the 4th quarter valued at about $519,000. Charles Schwab Investment Management Inc. increased its stake in shares of TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company’s stock valued at $105,618,000 after acquiring an additional 249,719 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in shares of TechnipFMC by 69.7% during the 4th quarter. Ninety One UK Ltd now owns 813,016 shares of the oil and gas company’s stock worth $23,529,000 after acquiring an additional 333,897 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating and set a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Jefferies Financial Group upgraded TechnipFMC from a “hold” rating to a “buy” rating and upped their price objective for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Barclays lifted their target price on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Piper Sandler increased their target price 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 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. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $36.31.

TechnipFMC Stock Performance

TechnipFMC stock opened at $30.38 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm’s fifty day moving average price is $29.65 and its 200 day moving average price is $28.78. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 19.99 and a beta of 1.54. TechnipFMC plc has a 12-month low of $22.99 and a 12-month high of $33.45.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio is currently 10.42%.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company’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 sale, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. 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 stock in a transaction 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 owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,706 shares of company stock valued at $1,651,665. Insiders own 1.06% 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.