TechnipFMC plc $FTI Stock Holdings Boosted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its position in shares of TechnipFMC plc (NYSE:FTI) by 60.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,832 shares of the oil and gas company’s stock after purchasing an additional 7,888 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in TechnipFMC were worth $822,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of TechnipFMC by 34.0% in the 3rd quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company’s stock valued at $525,339,000 after purchasing an additional 3,378,159 shares during the period. State Street Corp raised its holdings in TechnipFMC by 62.2% during the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock worth $508,276,000 after buying an additional 4,938,498 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in TechnipFMC by 2.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company’s stock valued at $409,262,000 after buying an additional 232,491 shares in the last quarter. Boston Partners boosted its holdings in shares of TechnipFMC by 2.0% in the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock worth $389,018,000 after buying an additional 192,549 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of TechnipFMC by 184.0% in the third quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company’s stock worth $189,460,000 after buying an additional 3,111,399 shares during the period. Institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling at TechnipFMC

In other news, EVP Luana Duffe sold 47,951 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the transaction, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. The trade was a 37.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan Landes sold 116,194 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the sale, the insider owned 71,356 shares of the company’s stock, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,210,092 shares of company stock worth $75,322,232 over the last 90 days. 1.80% of the stock is currently owned by insiders.

TechnipFMC Price Performance

Shares of FTI opened at $70.15 on Wednesday. The business’s 50-day moving average is $60.76 and its 200-day moving average is $48.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. The company has a market capitalization of $28.17 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.25 and a beta of 0.70. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $70.22.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 8.66%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FTI. TD Cowen restated a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and raised their price objective for the stock from $49.00 to $62.00 in a research note on Friday, February 20th. Royal Bank Of Canada lifted their price objective on shares of TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Susquehanna boosted their target price on shares of TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Finally, Barclays reaffirmed an “overweight” rating and issued a $69.00 target price on shares of TechnipFMC in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.47.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.