International Assets Investment Management LLC Makes New Investment in TechnipFMC plc (NYSE:FTI)

International Assets Investment Management LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,070 shares of the oil and gas company’s stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in TechnipFMC by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock valued at $2,571,000 after acquiring an additional 660 shares during the period. Fulton Bank N.A. increased its stake in TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 683 shares during the period. Janney Capital Management LLC increased its stake in TechnipFMC by 2.8% during the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock valued at $546,000 after acquiring an additional 722 shares during the period. Dfpg Investments LLC increased its stake in TechnipFMC by 2.4% during the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock valued at $623,000 after acquiring an additional 738 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in TechnipFMC by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 192,800 shares of the oil and gas company’s stock valued at $3,922,000 after acquiring an additional 980 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FTI has been the topic of several research reports. TD Cowen boosted their price target on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday. Benchmark reissued a “buy” rating and issued a $30.00 target price on shares of TechnipFMC in a report on Friday. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Barclays upped their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, Susquehanna upped their price objective on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

TechnipFMC Price Performance

FTI opened at $26.59 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. TechnipFMC plc has a 12 month low of $12.64 and a 12 month high of $27.26. The company has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $21.57. The stock has a market cap of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts expect that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

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

TechnipFMC 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.