TechnipFMC plc (NYSE:FTI) CAO David Light Sells 10,147 Shares

TechnipFMC plc (NYSE:FTI) CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated 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 directly owns 7,529 shares of the company’s stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TechnipFMC Trading Up 2.8 %

Shares of NYSE FTI opened at $27.25 on Friday. The company’s 50 day simple moving average is $30.07 and its 200 day simple moving average is $28.59. 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 plc has a fifty-two week low of $22.99 and a fifty-two week high of $33.45. The firm has a market capitalization of $11.46 billion, a P/E ratio of 17.92 and a beta of 1.54.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Smartleaf Asset Management LLC increased its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC during the fourth quarter valued at approximately $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC in the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC raised its holdings in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

FTI has been the subject of a number of research analyst reports. TD Cowen reiterated a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Barclays raised their target price on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Royal Bank of Canada initiated coverage on shares of TechnipFMC in a research report on Monday, November 18th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 price objective for the company. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $36.31.

About TechnipFMC

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.