Envestnet Portfolio Solutions Inc. Has $1.02 Million Stock Holdings in TechnipFMC plc (NYSE:FTI)

Envestnet Portfolio Solutions Inc. increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 336.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,266 shares of the oil and gas company's stock after purchasing an additional 27,190 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in TechnipFMC were worth $1,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of 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 valued at $215,100,000 after purchasing an additional 133,775 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in TechnipFMC by 7.3% during the fourth 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 acquiring an additional 249,719 shares during the period. Franklin Resources Inc. raised its position in 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 in the last quarter. Van ECK Associates Corp lifted its holdings in TechnipFMC by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 2,987,606 shares of the oil and gas company's stock valued at $86,461,000 after acquiring an additional 281,665 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of TechnipFMC by 50.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company's stock valued at $66,842,000 after purchasing an additional 773,000 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on FTI shares. TD Cowen reissued a "buy" rating and set a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Evercore ISI increased their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group assumed coverage on TechnipFMC in a research note on Friday, December 13th. They set a "buy" rating and a $38.00 price objective for the company. Jefferies Financial Group raised 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 research report on Friday, December 6th. Finally, Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $36.31.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.06% of the stock is currently owned by corporate insiders.

TechnipFMC Stock Up 1.8 %

TechnipFMC stock traded up $0.54 during trading hours on Tuesday, hitting $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 debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market capitalization of $12.78 billion, a P/E ratio of 19.99 and a beta of 1.54. The firm's fifty day moving average is $29.65 and its 200-day moving average is $28.78.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.05 dividend. 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 0.66%. TechnipFMC's dividend payout ratio is currently 10.42%.

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.