Cresset Asset Management LLC Acquires Shares of 15,066 TechnipFMC plc $FTI

Cresset Asset Management LLC bought a new position in TechnipFMC plc (NYSE:FTI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,066 shares of the oil and gas company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FTI. Focus Partners Wealth boosted its holdings in shares of TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after purchasing an additional 5,161 shares during the period. Geneos Wealth Management Inc. raised its position in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC raised its position in TechnipFMC by 76.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 6,381 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of TechnipFMC by 10.4% in the 2nd quarter. Bank of Montreal Can now owns 27,126 shares of the oil and gas company’s stock worth $934,000 after buying an additional 2,557 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of TechnipFMC by 9.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,530 shares of the oil and gas company’s stock worth $1,224,000 after buying an additional 3,069 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC News Roundup

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Zacks notes a “hammer” candlestick and improving earnings-estimate revisions for FTI, suggesting technical support and a possible near-term reversal that could attract buyers. Here’s Why FMC Technologies (FTI) Looks Ripe for Bottom Fishing
• Positive Sentiment: Another Zacks piece highlights FTI as a strong growth name under its Style Scores (earnings momentum / growth attributes), which may support longer-term investor interest. Here’s Why FMC Technologies (FTI) is a Strong Growth Stock
• Neutral Sentiment: A Yahoo Finance piece asks whether FTI is still a buy after ~152% one‑year gains, framing the stock as potentially expensive and urging investors to weigh valuation vs. momentum. This is a cautionary view that may temper some buying. Is It Too Late To Consider TechnipFMC (FTI) After Its 152% One Year Surge?
• Negative Sentiment: Large CEO sale: CEO Douglas J. Pferdehirt sold 733,424 shares (~$45.65M at ~$62.24), trimming his stake by ~23.3%. Big CEO disposals often prompt investor concern about insider conviction even though he retains a large holding (~2.41M shares). CEO Form 4
• Negative Sentiment: Broad senior-level selling: several other executives (CFO Alf Melin, EVP Justin Rounce, EVP Luana Duffe, insider Jonathan Landes, CAO David Light) sold large blocks on March 9–10. Combined disclosed sales total roughly $70–75M, which increases near-term supply and investor caution despite executives keeping meaningful residual stakes. Links to filings: CFO (1) Read More., CEO-adjacent insiders: Read More., Read More., Read More., Read More..

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FTI shares. Susquehanna raised their price target on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research note on Friday, February 20th. UBS Group set a $70.00 target price on shares of TechnipFMC in a report on Friday, February 20th. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. The Goldman Sachs Group boosted their price target on shares of TechnipFMC from $55.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Piper Sandler upped their price target on shares of TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.47.

Insider Activity

In related news, CAO David Light sold 6,622 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $413,411.46. Following the completion of the transaction, the chief accounting officer owned 5,005 shares in the company, valued at $312,462.15. This trade represents a 56.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Justin Rounce sold 172,276 shares of TechnipFMC stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.10, for a total value of $10,698,339.60. Following the sale, the executive vice president directly owned 119,667 shares of the company’s stock, valued at approximately $7,431,320.70. This represents a 59.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,210,092 shares of company stock valued at $75,322,232. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Stock Performance

FTI opened at $64.38 on Thursday. The company has a market cap of $25.75 billion, a P/E ratio of 27.87, 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. The firm’s 50-day moving average price is $57.72 and its 200-day moving average price is $47.04. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $68.29.

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

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s payout ratio is presently 8.66%.

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.