Brandywine Global Investment Management LLC Invests $6.65 Million in TechnipFMC plc (NYSE:FTI)

Brandywine Global Investment Management LLC purchased a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 229,640 shares of the oil and gas company's stock, valued at approximately $6,646,000. Brandywine Global Investment Management LLC owned approximately 0.05% of TechnipFMC as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SCP Investment LP raised its stake in TechnipFMC by 272.7% during the 4th quarter. SCP Investment LP now owns 32,800 shares of the oil and gas company's stock worth $949,000 after acquiring an additional 24,000 shares during the period. Schroder Investment Management Group bought a new stake in shares of TechnipFMC during the 4th quarter valued at $4,916,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of TechnipFMC by 184.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,057,827 shares of the oil and gas company's stock valued at $30,614,000 after buying an additional 685,330 shares in the last quarter. Ramirez Asset Management Inc. boosted its holdings in TechnipFMC by 3.0% in the 4th quarter. Ramirez Asset Management Inc. now owns 246,304 shares of the oil and gas company's stock worth $7,128,000 after buying an additional 7,266 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in TechnipFMC by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 63,575 shares of the oil and gas company's stock worth $1,840,000 after buying an additional 7,830 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

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TechnipFMC Trading Down 14.9 %

Shares of TechnipFMC stock traded down $4.39 on Friday, reaching $25.10. The company had a trading volume of 7,681,277 shares, compared to its average volume of 3,887,317. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 16.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm's 50-day moving average price is $29.50 and its two-hundred day moving average price is $29.07. TechnipFMC plc has a 1 year low of $22.99 and a 1 year high of $33.45.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, March 18th. TechnipFMC's payout ratio is 10.42%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a report on Friday, December 13th. They set a "buy" rating and a $38.00 price objective for the company. Jefferies Financial Group raised shares of TechnipFMC from a "hold" rating to a "buy" rating and boosted their target price for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Barclays raised their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.31.

Insider Buying and Selling at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the company's 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 of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction that occurred 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 sale, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 over the last quarter. Insiders own 1.80% of the company's stock.

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.