American Century Companies Inc. Buys 46,224 Shares of TechnipFMC plc (NYSE:FTI)

American Century Companies Inc. boosted its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,869,442 shares of the oil and gas company's stock after purchasing an additional 46,224 shares during the quarter. American Century Companies Inc. owned about 0.91% of TechnipFMC worth $111,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTI. Baker Tilly Wealth Management LLC grew its position in shares of TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after buying an additional 338 shares during the period. Yousif Capital Management LLC increased its stake in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after purchasing an additional 357 shares in the last quarter. Sigma Planning Corp increased its stake in TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC increased its stake in TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock valued at $66,000 after purchasing an additional 414 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 423 shares during the period. Institutional investors own 96.58% of the company's stock.

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Insiders Place Their Bets

In other news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.06% of the stock is currently owned by corporate insiders.

TechnipFMC Stock Up 1.4 %

Shares of NYSE FTI traded up $0.44 during mid-day trading on Thursday, hitting $31.22. The company had a trading volume of 4,424,897 shares, compared to its average volume of 3,755,541. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $29.61 and a two-hundred day simple moving average of $28.79. The company has a market capitalization of $13.13 billion, a PE ratio of 20.54 and a beta of 1.54. TechnipFMC plc has a one year low of $22.99 and a one year high of $33.45.

TechnipFMC Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. The Goldman Sachs Group began coverage on TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price target for the company. Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and raised their target price for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Finally, TD Cowen reiterated a "buy" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TechnipFMC currently has a consensus rating of "Buy" and an average price target of $36.31.

About TechnipFMC

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.