TechnipFMC plc (NYSE:FTI) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its stake in shares of TechnipFMC plc (NYSE:FTI) by 22.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,590 shares of the oil and gas company’s stock after selling 3,660 shares during the period. Emerald Advisers LLC’s holdings in TechnipFMC were worth $330,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Whittier Trust Co. purchased a new position in TechnipFMC during the first quarter worth approximately $29,000. Blue Trust Inc. raised its position in shares of TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after buying an additional 735 shares during the period. GAMMA Investing LLC raised its position in shares of TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares during the period. ORG Wealth Partners LLC acquired a new position in TechnipFMC in the third quarter valued at $30,000. Finally, ORG Partners LLC purchased a new stake in TechnipFMC during the second quarter valued at about $33,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Price Performance

FTI opened at $26.28 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 1-year low of $18.33 and a 1-year high of $29.85. The company has a 50-day moving average of $26.12 and a 200-day moving average of $26.19. The company has a market capitalization of $11.18 billion, a P/E ratio of 17.29 and a beta of 1.51.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.25. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. TechnipFMC’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities analysts expect that TechnipFMC plc will post 1.42 EPS for the current fiscal year.

TechnipFMC declared that its board has initiated a share buyback program on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. TechnipFMC’s dividend payout ratio is presently 13.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FTI shares. Barclays raised their price objective on TechnipFMC from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Bank of America lifted their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Hsbc Global Res raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday. Finally, Susquehanna lifted their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TechnipFMC has an average rating of “Moderate Buy” and a consensus price target of $32.41.

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.