Daiwa Securities Group Inc. Purchases 26,400 Shares of TechnipFMC plc (NYSE:FTI)

Daiwa Securities Group Inc. grew its position in TechnipFMC plc (NYSE:FTI - Free Report) by 176.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,400 shares of the oil and gas company's stock after acquiring an additional 26,400 shares during the period. Daiwa Securities Group Inc.'s holdings in TechnipFMC were worth $1,198,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its stake in shares of TechnipFMC by 1.7% in the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock valued at $215,100,000 after acquiring an additional 133,775 shares during the last quarter. Pacer Advisors Inc. bought a new position in TechnipFMC during the 3rd quarter worth $185,643,000. Charles Schwab Investment Management Inc. raised its position in TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after purchasing an additional 249,719 shares during the last quarter. Franklin Resources Inc. raised its position in TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after purchasing an additional 679,748 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in TechnipFMC by 10.4% during the 4th quarter. Van ECK Associates Corp now owns 2,987,606 shares of the oil and gas company's stock worth $86,461,000 after purchasing an additional 281,665 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The shares were 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. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.06% of the company's stock.

TechnipFMC Stock Down 0.6 %

Shares of FTI traded down $0.17 during trading hours on Tuesday, hitting $28.11. The stock had a trading volume of 2,980,250 shares, compared to its average volume of 3,717,531. 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 has a 50 day simple moving average of $29.92 and a 200-day simple moving average of $28.63. The firm has a market capitalization of $11.82 billion, a P/E ratio of 18.49 and a beta of 1.54. TechnipFMC plc has a 1-year low of $22.99 and a 1-year high of $33.45.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

Analysts Set New Price Targets

FTI has been the subject of several analyst reports. Jefferies Financial Group raised 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 research report on Friday, December 6th. Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Royal Bank of Canada initiated coverage on TechnipFMC in a report on Monday, November 18th. They set an "outperform" rating and a $37.00 price target for the company. Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. One 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. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of "Buy" and an average target price of $36.31.

TechnipFMC 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.