Insider Selling: TechnipFMC plc (NYSE:FTI) EVP Sells $1,119,825.90 in Stock

TechnipFMC plc (NYSE:FTI) EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company’s stock, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $27.25 on Friday. The company has a market cap of $11.46 billion, a P/E ratio of 17.92 and a beta of 1.54. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm’s fifty day moving average is $30.07 and its two-hundred day moving average is $28.60.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. TechnipFMC’s dividend payout ratio (DPR) is 10.42%.

Hedge Funds Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in TechnipFMC in the 4th quarter worth approximately $12,399,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in TechnipFMC in the fourth quarter worth $12,235,000. Mackenzie Financial Corp raised its stake in TechnipFMC by 0.3% during the fourth quarter. Mackenzie Financial Corp now owns 520,513 shares of the oil and gas company’s stock valued at $15,064,000 after purchasing an additional 1,652 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in TechnipFMC during the fourth quarter valued at $304,000. Finally, Vise Technologies Inc. purchased a new position in shares of TechnipFMC in the 4th quarter worth $249,000. 96.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Evercore ISI increased their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. The Goldman Sachs Group started coverage on shares of TechnipFMC in a report on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. Royal Bank of Canada began coverage on shares of TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their price objective for the company from $29.00 to $40.00 in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $36.31.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.