Commonwealth Equity Services LLC Boosts Holdings in TechnipFMC plc (NYSE:FTI)

Commonwealth Equity Services LLC boosted its holdings in TechnipFMC plc (NYSE:FTI) by 49.2% in the 4th quarter, Holdings Channel reports. The firm owned 14,206 shares of the oil and gas company’s stock after purchasing an additional 4,684 shares during the period. Commonwealth Equity Services LLC’s holdings in TechnipFMC were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FTI. Baker Tilly Wealth Management LLC raised its position in TechnipFMC by 4.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock worth $248,000 after acquiring an additional 338 shares in the last quarter. Yousif Capital Management LLC grew its position 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 purchasing an additional 357 shares during the period. Sigma Planning Corp lifted its holdings in shares of TechnipFMC by 3.3% during the 4th 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 period. GAMMA Investing LLC boosted 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 purchasing an additional 414 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in TechnipFMC by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 423 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler increased their target price on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. The Goldman Sachs Group started coverage on TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price objective on the stock. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Evercore ISI boosted their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Finally, Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average price target of $36.31.

TechnipFMC Stock Performance

Shares of FTI opened at $25.10 on Monday. The company has a 50-day moving average of $29.38 and a two-hundred day moving average of $29.13. 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 one year low of $22.99 and a one year high of $33.45. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 16.52 and a beta of 1.11.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.80%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Insiders Place Their Bets

In related news, 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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.