Amundi Grows Position in TechnipFMC plc (NYSE:FTI)

Amundi boosted its holdings in TechnipFMC plc (NYSE:FTI) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,256,724 shares of the oil and gas company’s stock after acquiring an additional 242,499 shares during the quarter. Amundi owned about 0.53% of TechnipFMC worth $65,310,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in TechnipFMC in the fourth quarter worth $46,000. Smartleaf Asset Management LLC raised its position in 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 worth $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in TechnipFMC in the fourth quarter worth $45,000. V Square Quantitative Management LLC raised its position in TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 563 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in TechnipFMC by 106.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Up 2.2 %

FTI opened at $25.86 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.88 billion, a P/E ratio of 17.02 and a beta of 1.54. TechnipFMC plc has a 52 week low of $22.08 and a 52 week high of $33.45. The business’s fifty day simple moving average is $30.26 and its 200 day simple moving average is $28.62.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s payout ratio is currently 10.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FTI shares. Barclays raised their price target on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Citigroup raised their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Evercore ISI raised their price target on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. TD Cowen restated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Finally, Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. One equities research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.