Sigma Planning Corp Buys 13,029 Shares of TechnipFMC plc $FTI

Sigma Planning Corp lifted its stake in shares of TechnipFMC plc (NYSE:FTI) by 225.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,807 shares of the oil and gas company’s stock after purchasing an additional 13,029 shares during the quarter. Sigma Planning Corp’s holdings in TechnipFMC were worth $1,273,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Focus Partners Advisor Solutions LLC acquired a new stake in shares of TechnipFMC during the 2nd quarter valued at approximately $3,470,000. Chase Investment Counsel Corp acquired a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $12,397,000. Globeflex Capital L P acquired a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $1,011,000. Proficio Capital Partners LLC acquired a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $1,301,000. Finally, Raiffeisen Bank International AG acquired a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $2,337,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings raised TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. UBS Group started coverage on TechnipFMC in a research report on Monday, October 12th. They set a “buy” rating and a $89.00 target price on the stock. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Barclays lowered their target price on TechnipFMC from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Finally, Susquehanna dropped their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $74.83.

TechnipFMC News Summary

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: The results reinforce TechnipFMC’s earnings momentum, with profitability and revenue both ahead of expectations. Management’s commentary also highlighted a potentially extended deepwater investment cycle and continued subsea demand. TechnipFMC Third-Quarter Earnings Results
• Positive Sentiment: Investors continue to view TechnipFMC as a growth-at-a-reasonable-price and momentum candidate, supported by subsea contract wins, backlog growth and exposure to deepwater projects. GARP Stocks Article
• Neutral Sentiment: The company declared a quarterly dividend of $0.05 per share, equivalent to $0.20 annually. The modest 0.3% yield provides some shareholder return but is unlikely to be a major driver of the stock.
• Negative Sentiment: Near-term concerns may be offsetting the earnings beat. Reports point to delays in Middle East project restarts and a softer short-term outlook, creating uncertainty around the timing of backlog conversion and future growth. TechnipFMC Deepwater Demand Analysis
• Negative Sentiment: The market reaction indicates that investors may have expected stronger guidance or additional upside beyond the already favorable quarterly numbers. The stock remains below its 50-day moving average, which could add technical pressure after the results.

Insider Buying and Selling

In other TechnipFMC news, insider Thierry Conti sold 6,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $71.85, for a total transaction of $431,100.00. Following the sale, the insider owned 85,813 shares in the company, valued at approximately $6,165,664.05. This represents a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Mullins purchased 6,365 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $78.55 per share, with a total value of $499,970.75. Following the transaction, the director directly owned 8,070 shares of the company’s stock, valued at $633,898.50. This represents a 373.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

TechnipFMC Stock Performance

Shares of FTI opened at $67.00 on Friday. TechnipFMC plc has a 12-month low of $40.79 and a 12-month high of $80.70. The stock has a market cap of $26.27 billion, a P/E ratio of 23.26, a PEG ratio of 1.14 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $72.50 and a two-hundred day moving average of $68.90.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that TechnipFMC plc will post 3.20 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Tuesday, November 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s dividend payout ratio is presently 6.94%.

TechnipFMC Company Profile

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.