Northwestern Mutual Wealth Management Co. Lowers Position in TechnipFMC plc $FTI

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI) by 50.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,344 shares of the oil and gas company’s stock after selling 2,395 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in TechnipFMC were worth $74,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Network Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of TechnipFMC by 5.1% during the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 362 shares in the last quarter. Acuitas Investments LLC lifted its stake in shares of TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 400 shares in the last quarter. KBC Group NV lifted its stake in shares of TechnipFMC by 2.4% during the 1st quarter. KBC Group NV now owns 18,129 shares of the oil and gas company’s stock valued at $575,000 after buying an additional 429 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock valued at $91,000 after buying an additional 614 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $38.90 on Friday. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.24 and a beta of 1.10. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $39.85. The firm’s 50-day moving average is $35.49 and its 200 day moving average is $31.57. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. Research analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC’s dividend payout ratio is presently 9.43%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the transaction, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BTIG Research cut shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Citigroup reiterated a “buy” rating and issued a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Barclays boosted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Susquehanna boosted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.92.

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.