TechnipFMC plc (NYSE:FTI) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC raised its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 306.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,214 shares of the oil and gas company's stock after acquiring an additional 38,624 shares during the period. Emerald Advisers LLC's holdings in TechnipFMC were worth $1,482,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. boosted its position in shares of 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 valued at $98,838,000 after acquiring an additional 679,748 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in TechnipFMC by 24.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares during the period. Park Avenue Securities LLC acquired a new position in TechnipFMC in the 4th quarter valued at about $519,000. Westfield Capital Management Co. LP purchased a new stake in shares of TechnipFMC in the 3rd quarter valued at approximately $49,273,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 buying an additional 249,719 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now directly owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company's stock, valued at $3,004,301.76. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 in the last 90 days. Corporate insiders own 1.06% of the company's stock.

TechnipFMC Stock Up 1.8 %

FTI stock traded up $0.54 during mid-day trading on Tuesday, reaching $30.38. The company had a trading volume of 3,626,511 shares, compared to its average volume of 3,758,656. TechnipFMC plc has a fifty-two week low of $22.99 and a fifty-two week high of $33.45. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 19.99 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm has a fifty day simple moving average of $29.65 and a 200 day simple moving average of $28.78.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. TechnipFMC's dividend payout ratio is currently 10.42%.

Analyst Upgrades and Downgrades

FTI has been the subject of several analyst reports. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and increased their price objective for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Evercore ISI raised their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Barclays upped their target price 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. Piper Sandler lifted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, TD Cowen restated a "buy" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Buy" and a consensus 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.