Charles Schwab Investment Management Inc. Buys 219,081 Shares of TechnipFMC plc (NYSE:FTI)

Charles Schwab Investment Management Inc. increased its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,399,822 shares of the oil and gas company's stock after purchasing an additional 219,081 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.80% of TechnipFMC worth $89,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings 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 purchasing an additional 735 shares in the last quarter. GAMMA Investing LLC boosted its stake in TechnipFMC by 73.1% in the second 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 in the last quarter. ORG Wealth Partners LLC bought a new position in TechnipFMC during the third quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in shares of TechnipFMC during the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of TechnipFMC during the second quarter worth approximately $51,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Down 0.1 %

Shares of NYSE:FTI traded down $0.03 on Thursday, hitting $31.01. The company had a trading volume of 3,665,159 shares, compared to its average volume of 4,003,626. TechnipFMC plc has a 1 year low of $18.33 and a 1 year high of $31.53. 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's 50-day simple moving average is $27.44 and its two-hundred day simple moving average is $26.56. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 20.40 and a beta of 1.51.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.25. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. Equities analysts anticipate that TechnipFMC plc will post 1.58 earnings per share for the current fiscal year.

TechnipFMC declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the oil and gas company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 19th. TechnipFMC's dividend payout ratio (DPR) is presently 13.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTI. StockNews.com raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Friday, November 1st. TD Cowen restated a "buy" rating and set a $37.00 target price on shares of TechnipFMC in a report on Wednesday. HSBC raised TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a research note on Tuesday, October 29th. Barclays increased their price objective on TechnipFMC from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Finally, BMO Capital Markets lifted their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $33.91.

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.