TechnipFMC plc (NYSE:FTI) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 184.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,057,827 shares of the oil and gas company's stock after acquiring an additional 685,330 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.25% of TechnipFMC worth $30,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after purchasing an additional 1,623,864 shares during the last quarter. State Street Corp raised its position in TechnipFMC by 1.7% during the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock worth $215,100,000 after buying an additional 133,775 shares during the last quarter. American Century Companies Inc. lifted its stake in TechnipFMC by 1.2% during the 4th quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock valued at $111,982,000 after acquiring an additional 46,224 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of TechnipFMC by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after acquiring an additional 249,719 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of TechnipFMC by 23.0% in the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after acquiring an additional 679,748 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

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Insider Buying and Selling

In related news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Price Performance

TechnipFMC stock traded down $1.05 during midday trading on Monday, reaching $24.11. The company had a trading volume of 6,904,813 shares, compared to its average volume of 3,898,485. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 12-month low of $22.99 and a 12-month high of $33.45. The company has a market capitalization of $10.14 billion, a P/E ratio of 15.86 and a beta of 1.11. The firm's fifty day simple moving average is $29.25 and its 200-day simple moving average is $29.11.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, March 18th. TechnipFMC's dividend payout ratio is presently 10.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. The Goldman Sachs Group initiated coverage on TechnipFMC in a report on Friday, December 13th. They set a "buy" rating and a $38.00 target price on the stock. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI raised their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Finally, Piper Sandler boosted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Two investment 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 MarketBeat, the stock currently has an average rating of "Moderate 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.