TechnipFMC plc (NYSE:FTI) Stock Holdings Boosted by Inceptionr LLC

Inceptionr LLC raised its position in shares of TechnipFMC plc (NYSE:FTI) by 195.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,529 shares of the oil and gas company’s stock after purchasing an additional 21,509 shares during the quarter. Inceptionr LLC’s holdings in TechnipFMC were worth $941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in TechnipFMC by 55.2% during 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 purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of TechnipFMC during the 4th quarter worth $45,000. V Square Quantitative Management LLC boosted its stake in shares of TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 563 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of TechnipFMC by 106.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of TechnipFMC during the 3rd quarter worth $56,000. 96.58% of the stock is owned by institutional investors.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $26.23 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $21.64 and a 1 year high of $33.45. The business has a fifty day simple moving average of $30.50 and a 200 day simple moving average of $28.61. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 17.26 and a beta of 1.54.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC’s dividend payout ratio (DPR) is currently 10.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. 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. Piper Sandler raised 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. Evercore ISI raised their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. TD Cowen reaffirmed a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada assumed coverage on TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price for the company. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $36.31.

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.