TechnipFMC plc (NYSE:FTI) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of TechnipFMC plc (NYSE:FTI) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 367,959 shares of the oil and gas company’s stock after purchasing an additional 66,518 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of TechnipFMC worth $7,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. acquired a new position in TechnipFMC during the 4th quarter valued at about $37,976,000. Cerity Partners LLC bought a new stake in TechnipFMC during the fourth quarter worth approximately $6,836,000. SG Americas Securities LLC lifted its position in TechnipFMC by 71.1% in the fourth quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock worth $3,072,000 after purchasing an additional 63,378 shares during the period. Syntal Capital Partners LLC bought a new position in TechnipFMC during the 3rd quarter valued at $665,000. Finally, Vanguard Group Inc. increased its position in shares of TechnipFMC by 320.3% during the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after purchasing an additional 30,323,011 shares during the period. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Trading Up 1.4 %

Shares of NYSE:FTI opened at $26.73 on Wednesday. The firm has a fifty day moving average of $24.83 and a two-hundred day moving average of $21.79. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. TechnipFMC plc has a 12-month low of $13.11 and a 12-month high of $27.26. The firm has a market capitalization of $11.52 billion, a P/E ratio of 56.87 and a beta of 1.62.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. The business’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts expect that TechnipFMC plc will post 1.16 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. TechnipFMC’s dividend payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FTI shares. Susquehanna raised their target price on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Bank of America boosted their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 15th. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a report on Friday, February 23rd. TD Cowen upped their price target on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Piper Sandler lifted their target price on TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average target price of $27.21.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.93% of the company’s stock.

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.