TechnipFMC plc (NYSE:FTI) Director Sells $279,178.56 in Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 9,381 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TechnipFMC Price Performance

TechnipFMC stock opened at $31.22 on Friday. The firm has a market capitalization of $13.13 billion, a PE ratio of 20.54 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 firm’s 50-day simple moving average is $29.59 and its 200 day simple moving average is $28.81. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FTI shares. Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Evercore ISI lifted their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays lifted their price target on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.31.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTI. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in TechnipFMC in the 4th quarter valued at approximately $46,000. Smartleaf Asset Management LLC lifted its position in shares of TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of TechnipFMC during the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC increased its position in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.