Kesler Norman & Wride LLC Has $1.56 Million Stock Position in TechnipFMC plc $FTI

Kesler Norman & Wride LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 51.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,891 shares of the oil and gas company’s stock after buying an additional 11,868 shares during the period. Kesler Norman & Wride LLC’s holdings in TechnipFMC were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Independent Advisor Alliance raised its position in TechnipFMC by 0.3% during the fourth quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock valued at $2,730,000 after buying an additional 184 shares during the period. Personal CFO Solutions LLC raised its position in TechnipFMC by 3.0% during the fourth quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock valued at $346,000 after buying an additional 225 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in TechnipFMC by 5.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,266 shares of the oil and gas company’s stock valued at $235,000 after buying an additional 262 shares during the period. Geneos Wealth Management Inc. raised its position in TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the period. Finally, True Wealth Design LLC raised its position in TechnipFMC by 8.6% during the fourth quarter. True Wealth Design LLC now owns 4,495 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 357 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings upgraded TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Susquehanna boosted their target price on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Barclays boosted their target price on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, UBS Group set a $70.00 target price on TechnipFMC in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Activity at TechnipFMC

In other news, EVP Luana Duffe sold 47,951 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the sale, the executive vice president owned 78,871 shares in the company, valued at approximately $4,923,916.53. This represents a 37.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO David Light sold 6,622 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer owned 5,005 shares of the company’s stock, valued at approximately $312,462.15. This trade represents a 56.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,210,092 shares of company stock worth $75,347,124 in the last 90 days. Insiders own 1.40% of the company’s stock.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $69.42 on Wednesday. The business’s 50-day moving average price is $71.68 and its two-hundred day moving average price is $59.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. TechnipFMC plc has a one year low of $30.86 and a one year high of $77.78. The company has a market capitalization of $27.68 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.47 and a beta of 0.69.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Analysts anticipate that TechnipFMC plc will post 2.98 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th 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, May 19th. TechnipFMC’s dividend payout ratio is 7.63%.

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.