Vontobel Holding Ltd. Buys 11,721 Shares of TechnipFMC plc $FTI

Vontobel Holding Ltd. bought a new stake in TechnipFMC plc (NYSE:FTI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,721 shares of the oil and gas company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Banque Pictet & Cie SA raised its holdings in shares of TechnipFMC by 3.7% during the 3rd quarter. Banque Pictet & Cie SA now owns 22,600 shares of the oil and gas company’s stock worth $1,535,000 after buying an additional 800 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of TechnipFMC by 9.6% during the 3rd quarter. Annex Advisory Services LLC now owns 3,467 shares of the oil and gas company’s stock worth $235,000 after buying an additional 303 shares during the last quarter. Triasima Portfolio Management inc. boosted its stake in TechnipFMC by 1.8% in the third quarter. Triasima Portfolio Management inc. now owns 8,490 shares of the oil and gas company’s stock valued at $577,000 after buying an additional 150 shares in the last quarter. Ninety One UK Ltd acquired a new stake in TechnipFMC in the third quarter valued at about $520,000. Finally, Curated Wealth Partners LLC bought a new position in TechnipFMC in the third quarter valued at about $1,372,000. Institutional investors own 96.58% of the company’s stock.

Insider Transactions at TechnipFMC

In other news, insider Thierry Conti sold 6,000 shares of TechnipFMC stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total transaction of $431,100.00. Following the sale, the insider directly owned 85,813 shares of the company’s stock, valued at approximately $6,165,664.05. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Mullins purchased 6,365 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the purchase, the director directly owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This represents a 373.31% increase in their position. The SEC filing for this purchase provides additional information. 1.40% of the stock is owned by corporate insiders.

TechnipFMC Stock Down 1.5%

Shares of NYSE:FTI opened at $68.83 on Wednesday. The company has a fifty day moving average of $73.67 and a 200-day moving average of $71.85. The company has a market capitalization of $26.99 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. TechnipFMC plc has a 52-week low of $36.03 and a 52-week high of $80.70.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company earned $0.68 EPS. TechnipFMC’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that TechnipFMC plc will post 3.20 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio is presently 6.94%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FTI. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings raised shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday. Wall Street Zen downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays reduced their price target on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, UBS Group began coverage on shares of TechnipFMC in a report on Monday, October 12th. They set a “buy” rating and a $89.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $74.83.

TechnipFMC Company Profile

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.