TechnipFMC plc $FTI Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in TechnipFMC plc (NYSE:FTI) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 626,963 shares of the oil and gas company’s stock after purchasing an additional 31,272 shares during the period. Russell Investments Group Ltd. owned about 0.15% of TechnipFMC worth $24,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FTI. Blue Trust Inc. raised its stake in shares of TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after buying an additional 657 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares in the last quarter. Huntington National Bank grew its holdings in TechnipFMC by 317.8% during the third quarter. Huntington National Bank now owns 1,195 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 909 shares during the period. McIlrath & Eck LLC raised its position in TechnipFMC by 476.3% in the third quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in TechnipFMC in the third quarter worth $51,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Down 2.9%

Shares of FTI stock opened at $62.50 on Friday. The stock has a market cap of $25.00 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.19 and a beta of 0.70. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $68.29. The business has a fifty day simple moving average of $58.08 and a 200-day simple moving average of $47.14.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data 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. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. On average, analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC’s dividend payout ratio is 8.66%.

Wall Street Analyst Weigh In

Several brokerages have commented on FTI. Piper Sandler boosted their target price on shares of TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. UBS Group set a $70.00 price objective on shares of TechnipFMC in a research note on Friday, February 20th. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $49.00 to $62.00 in a report on Friday, February 20th. Finally, BMO Capital Markets increased their target price on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.47.

Insiders Place Their Bets

In other news, EVP Luana Duffe sold 47,951 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Rounce sold 172,276 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.10, for a total transaction of $10,698,339.60. Following the transaction, the executive vice president directly owned 119,667 shares of the company’s stock, valued at approximately $7,431,320.70. This trade represents a 59.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,210,092 shares of company stock valued at $75,322,232. Corporate insiders own 1.80% of the company’s stock.

Trending Headlines about TechnipFMC

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Quarterly results and analyst momentum: TechnipFMC reported an EPS beat ($0.70 vs. $0.51 expected) with revenue up ~6.3% year-over-year and strong profitability metrics (high ROE, ~9.7% net margin). Several banks have lifted price targets recently, supporting a constructive fundamental case. MarketBeat: FTI profile and analyst notes
• Positive Sentiment: Momentum/quant coverage: Zacks highlights FTI as a top-ranked momentum/growth name in its style-score screens — this can attract growth-oriented flows if momentum resumes. Zacks: FTI momentum profile
• Neutral Sentiment: Upcoming investor event: CEO Doug Pferdehirt will speak at the Piper Sandler Energy Conference on March 17 (webcast available). New commentary could provide incremental guidance or strategic color but no presentation materials are scheduled. BusinessWire: Piper Sandler conference notice
• Neutral Sentiment: Small quarterly dividend announced (record Mar 17, payable Apr 1; annualized ~$0.20, ~0.3% yield). Yield is immaterial to income investors but maintains a shareholder return element. MarketBeat: dividend and stock summary
• Negative Sentiment: Large, coordinated insider selling is the dominant near-term headwind: multiple senior executives — including the CEO (733,424 shares), CFO (total ~127k shares across filings), EVPs and other insiders — sold sizeable positions in early March, materially reducing ownership stakes. Those sales (SEC filings) are likely depressing sentiment and may be driving higher trading volume and price weakness today. CEO SEC filing CFO SEC filing

About TechnipFMC

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.