Sigma Planning Corp Purchases 363 Shares of TechnipFMC plc (NYSE:FTI)

Sigma Planning Corp lifted its position in TechnipFMC plc (NYSE:FTI) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,527 shares of the oil and gas company’s stock after purchasing an additional 363 shares during the quarter. Sigma Planning Corp’s holdings in TechnipFMC were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its stake in TechnipFMC by 22.9% in the 3rd quarter. Creative Planning now owns 21,372 shares of the oil and gas company’s stock worth $561,000 after acquiring an additional 3,980 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 735 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of TechnipFMC in the 3rd quarter valued at about $363,000. Wealth Enhancement Advisory Services LLC raised its stake in TechnipFMC by 152.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,440 shares of the oil and gas company’s stock valued at $982,000 after purchasing an additional 22,624 shares in the last quarter. Finally, US Bancorp DE raised its stake in TechnipFMC by 54.1% in the third quarter. US Bancorp DE now owns 81,585 shares of the oil and gas company’s stock valued at $2,140,000 after purchasing an additional 28,649 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Up 2.1 %

Shares of NYSE FTI opened at $29.42 on Friday. The firm’s fifty day moving average is $30.61 and its 200 day moving average is $28.58. TechnipFMC plc has a 52 week low of $21.36 and a 52 week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 19.36 and a beta of 1.52.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, March 18th. TechnipFMC’s payout ratio is 13.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FTI. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Barclays raised their price target on TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Citigroup raised their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on TechnipFMC in a report on Friday, December 13th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Piper Sandler raised their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $36.23.

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.