TechnipFMC plc $FTI Position Boosted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its position in TechnipFMC plc (NYSE:FTI) by 60.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,832 shares of the oil and gas company’s stock after purchasing an additional 7,888 shares during the period. Swiss Life Asset Management Ltd’s holdings in TechnipFMC were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth grew its position in shares of TechnipFMC by 27.2% during the 1st quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after buying an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in TechnipFMC by 76.1% in the second quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 6,381 shares during the period. SG Americas Securities LLC acquired a new position in TechnipFMC in the second quarter valued at approximately $486,000. Finally, Creative Planning grew its holdings in shares of TechnipFMC by 50.5% during the second quarter. Creative Planning now owns 36,492 shares of the oil and gas company’s stock valued at $1,257,000 after purchasing an additional 12,240 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Luana Duffe sold 47,951 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares in the company, valued at approximately $4,923,916.53. The trade was a 37.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alf Melin sold 43,554 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $63.13, for a total transaction of $2,749,564.02. Following the completion of the sale, the chief financial officer directly owned 238,983 shares of the company’s stock, valued at approximately $15,086,996.79. This represents a 15.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,210,092 shares of company stock valued at $75,322,232. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FTI has been the topic of several recent research reports. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and raised their price target for the stock from $49.00 to $62.00 in a report on Friday, February 20th. Citigroup upped their price objective on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. UBS Group set a $70.00 target price on TechnipFMC in a research report on Friday, February 20th. Barclays reissued an “overweight” rating and set a $69.00 price target on shares of TechnipFMC in a report on Friday, February 20th. Finally, TD Cowen restated a “buy” rating on shares of TechnipFMC 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.47.

TechnipFMC Stock Performance

Shares of FTI stock opened at $70.15 on Wednesday. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $70.22. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.70. The business has a 50 day simple moving average of $60.76 and a 200 day simple moving average of $48.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI) last posted 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. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.05 per share. 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 8.66%.

TechnipFMC Profile

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.