Ballentine Partners LLC Invests $202,000 in TechnipFMC plc $FTI

Ballentine Partners LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,858 shares of the oil and gas company’s stock, valued at approximately $202,000.

A number of other institutional investors have also modified their holdings of the stock. Compagnie Lombard Odier SCmA increased its position in shares of TechnipFMC by 67.2% during the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 1,048 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of TechnipFMC during the second quarter worth approximately $771,000. Gries Financial LLC purchased a new position in shares of TechnipFMC during the second quarter worth approximately $219,000. Farther Finance Advisors LLC increased its holdings in TechnipFMC by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 3,548 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 689 shares during the period. Finally, Diversified Trust Co increased its holdings in TechnipFMC by 0.8% during the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company’s stock valued at $1,406,000 after buying an additional 306 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FTI. BTIG Research lowered shares of TechnipFMC from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. Susquehanna lifted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a report on Friday, July 25th. Barclays lifted their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citigroup reissued a “buy” rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.92.

Insider Activity at TechnipFMC

In other news, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the sale, the insider directly owned 56,352 shares in the company, valued at approximately $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Pferdehirt sold 80,304 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.35, for a total transaction of $3,079,658.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC Trading Down 1.2%

NYSE:FTI opened at $39.46 on Wednesday. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $41.29. The firm has a fifty day simple moving average of $37.34 and a 200-day simple moving average of $33.01. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $16.22 billion, a P/E ratio of 18.61, a PEG ratio of 1.28 and a beta of 1.10.

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

TechnipFMC Dividend Announcement

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

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.