339,431 Shares in TechnipFMC plc (NYSE:FTI) Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new position in TechnipFMC plc (NYSE:FTI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 339,431 shares of the oil and gas company’s stock, valued at approximately $6,836,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTI. Harbour Investments Inc. boosted its position in shares of TechnipFMC by 366.7% in the third quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of TechnipFMC during the 3rd quarter valued at $29,000. Captrust Financial Advisors grew its stake in shares of TechnipFMC by 65.1% during the 2nd quarter. Captrust Financial Advisors now owns 7,461 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 2,943 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of TechnipFMC by 199.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company’s stock worth $56,000 after buying an additional 4,404 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in shares of TechnipFMC in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays upped their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Bank of America raised their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday. Benchmark reissued a “buy” rating and issued a $30.00 price objective (up previously from $25.00) on shares of TechnipFMC in a research report on Monday, April 1st. ATB Capital set a $30.00 target price on shares of TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. Finally, HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target for the company. in a research report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, TechnipFMC has an average rating of “Moderate Buy” and an average target price of $25.34.

Insider Transactions at TechnipFMC

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

TechnipFMC Price Performance

FTI stock opened at $25.48 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $23.05 and its two-hundred day moving average is $21.19. The company has a market capitalization of $11.14 billion, a PE ratio of 212.35 and a beta of 1.65. TechnipFMC plc has a 52-week low of $12.64 and a 52-week high of $27.26.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. Analysts predict that TechnipFMC plc will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.68%.

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.