TechnipFMC plc (NYSE:FTI) is Hardman Johnston Global Advisors LLC’s 4th Largest Position

Hardman Johnston Global Advisors LLC lessened its holdings in shares of TechnipFMC plc (NYSE:FTI) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,635,791 shares of the oil and gas company’s stock after selling 4,379,920 shares during the quarter. TechnipFMC makes up 5.5% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 4th largest holding. Hardman Johnston Global Advisors LLC owned 1.09% of TechnipFMC worth $134,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new stake in TechnipFMC in the 4th quarter worth approximately $1,376,000. TCW Group Inc. lifted its holdings in TechnipFMC by 72.8% during the fourth quarter. TCW Group Inc. now owns 398,622 shares of the oil and gas company’s stock valued at $11,536,000 after purchasing an additional 167,992 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in TechnipFMC by 352.0% during the fourth quarter. First Horizon Advisors Inc. now owns 4,027 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 3,136 shares in the last quarter. Olympiad Research LP bought a new position in shares of TechnipFMC in the fourth quarter worth approximately $331,000. Finally, Sigma Planning Corp increased its stake in shares of TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 363 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent analyst reports. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, October 29th. Hsbc Global Res raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and boosted their price target for the stock from $29.00 to $40.00 in a report on Friday, December 6th. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen reissued a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $36.15.

TechnipFMC Trading Down 4.7 %

Shares of FTI stock opened at $29.06 on Monday. The company has a market cap of $12.36 billion, a PE ratio of 19.12 and a beta of 1.52. TechnipFMC plc has a 1 year low of $20.04 and a 1 year high of $33.45. The stock’s 50 day simple moving average is $30.71 and its two-hundred day simple moving average is $28.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

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.