TechnipFMC plc (NYSE:FTI) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 1,944.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,427 shares of the oil and gas company’s stock after purchasing an additional 367,522 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.09% of TechnipFMC worth $11,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of FTI. Baker Tilly Wealth Management LLC boosted its position in shares of TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock valued at $248,000 after purchasing an additional 338 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 357 shares during the period. Sigma Planning Corp grew its position in shares of TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock worth $334,000 after acquiring an additional 363 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of TechnipFMC by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 414 shares during the period. Finally, Ballentine Partners LLC raised its position in TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays lifted their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group assumed coverage on TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price objective for the company. Jefferies Financial Group upgraded TechnipFMC from a “hold” rating to a “buy” rating and lifted their target price for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Finally, Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus target price of $36.31.

TechnipFMC Stock Performance

Shares of FTI opened at $31.18 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The company has a 50-day simple moving average of $29.56 and a 200-day simple moving average of $28.90. The company has a market capitalization of $13.11 billion, a PE ratio of 20.51 and a beta of 1.54.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given 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 0.64%. TechnipFMC’s payout ratio is 10.42%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares of the company’s stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now directly owns 100,951 shares of the company’s stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock valued at $1,651,665 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.