TechnipFMC plc (NYSE:FTI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,114 shares of the oil and gas company's stock after selling 53,463 shares during the quarter. Federated Hermes Inc.'s holdings in TechnipFMC were worth $3,447,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in TechnipFMC in the 4th quarter valued at about $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TechnipFMC in the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC grew its position in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after buying an additional 563 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

Shares of FTI stock traded up $0.55 during mid-day trading on Friday, hitting $25.54. The stock had a trading volume of 3,377,478 shares, compared to its average volume of 3,947,135. The firm has a market cap of $10.74 billion, a PE ratio of 16.80 and a beta of 1.11. The company's 50-day simple moving average is $28.08 and its 200-day simple moving average is $28.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, March 18th. TechnipFMC's dividend payout ratio is presently 10.42%.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of recent research reports. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna lowered their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday. Barclays raised their price target on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Evercore ISI raised their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Finally, Piper Sandler lifted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.15.

Insiders Place Their Bets

In other TechnipFMC news, CAO David Light sold 10,147 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The sale 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 business'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 in the company, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,706 shares of company stock worth $1,651,665. Company insiders own 1.80% of the company's stock.

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.