TechnipFMC plc (NYSE:FTI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in TechnipFMC plc (NYSE:FTI) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 850,976 shares of the oil and gas company’s stock after selling 37,949 shares during the quarter. California Public Employees Retirement System’s holdings in TechnipFMC were worth $17,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTI. Parkside Financial Bank & Trust purchased a new stake in shares of TechnipFMC in the 3rd quarter valued at $29,000. Systematic Alpha Investments LLC purchased a new stake in TechnipFMC in the third quarter valued at $146,000. Ballentine Partners LLC acquired a new stake in TechnipFMC during the 3rd quarter worth about $203,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TechnipFMC during the 4th quarter valued at about $203,000. Finally, International Assets Investment Management LLC purchased a new position in shares of TechnipFMC during the 4th quarter valued at about $203,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 0.1 %

Shares of TechnipFMC stock opened at $26.61 on Tuesday. TechnipFMC plc has a twelve month low of $12.64 and a twelve month high of $27.26. The firm’s 50-day moving average price is $24.35 and its 200 day moving average price is $21.61. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $11.63 billion, a PE ratio of 56.62 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts predict that TechnipFMC plc will post 1.15 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays raised their target price on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday. Bank of America boosted their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research note on Monday, April 15th. TD Cowen raised their price target on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $30.00 price objective on shares of TechnipFMC in a research report on Friday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.14.

Insider Transactions at TechnipFMC

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

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.