Aptus Capital Advisors LLC Buys 226,779 Shares of TechnipFMC plc $FTI

Aptus Capital Advisors LLC boosted its position in shares of TechnipFMC plc (NYSE:FTI) by 1,406.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,899 shares of the oil and gas company’s stock after purchasing an additional 226,779 shares during the period. Aptus Capital Advisors LLC owned about 0.06% of TechnipFMC worth $9,582,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in TechnipFMC by 629.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 152,068 shares of the oil and gas company’s stock worth $5,999,000 after acquiring an additional 131,221 shares during the last quarter. Mengis Capital Management Inc. raised its holdings in shares of TechnipFMC by 15.4% in the third quarter. Mengis Capital Management Inc. now owns 18,000 shares of the oil and gas company’s stock valued at $710,000 after purchasing an additional 2,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TechnipFMC by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,763,630 shares of the oil and gas company’s stock valued at $187,942,000 after purchasing an additional 137,507 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of TechnipFMC in the third quarter worth $594,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of TechnipFMC in the third quarter worth $18,376,000. 96.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 6,350 shares of TechnipFMC stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total value of $415,290.00. Following the transaction, the director owned 97,860 shares in the company, valued at approximately $6,400,044. This trade represents a 6.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

TechnipFMC Stock Down 2.3%

FTI stock opened at $62.93 on Friday. The company has a market cap of $25.18 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $68.29. The business has a 50-day simple moving average of $56.56 and a 200 day simple moving average of $46.35.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC’s dividend payout ratio (DPR) is currently 8.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FTI. Piper Sandler raised their target price on shares of TechnipFMC from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research note on Friday, February 20th. UBS Group set a $70.00 price objective on TechnipFMC in a report on Friday, February 20th. Royal Bank Of Canada upped their target price on TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Susquehanna increased their price target on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.47.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.