Fisher Asset Management LLC Raises Stake in TechnipFMC plc (NYSE:FTI)

Fisher Asset Management LLC lifted its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 550,127 shares of the oil and gas company's stock after buying an additional 16,520 shares during the quarter. Fisher Asset Management LLC owned approximately 0.13% of TechnipFMC worth $15,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of TechnipFMC by 22.9% during the 3rd quarter. Creative Planning now owns 21,372 shares of the oil and gas company's stock worth $561,000 after purchasing an additional 3,980 shares during the period. International Assets Investment Management LLC purchased a new stake in TechnipFMC during the third quarter worth $363,000. Wealth Enhancement Advisory Services LLC grew its position in TechnipFMC by 152.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,440 shares of the oil and gas company's stock valued at $982,000 after buying an additional 22,624 shares during the period. US Bancorp DE increased its holdings in TechnipFMC by 54.1% in the third quarter. US Bancorp DE now owns 81,585 shares of the oil and gas company's stock valued at $2,140,000 after buying an additional 28,649 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in TechnipFMC by 414.8% in the third quarter. Farther Finance Advisors LLC now owns 3,089 shares of the oil and gas company's stock valued at $81,000 after buying an additional 2,489 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

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TechnipFMC Price Performance

FTI traded up $0.40 during trading on Friday, reaching $26.71. The company's stock had a trading volume of 8,203,065 shares, compared to its average volume of 3,732,746. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 17.57 and a beta of 1.54. The firm has a fifty day simple moving average of $30.45 and a two-hundred day simple moving average of $28.59. TechnipFMC plc has a 1 year low of $21.64 and a 1 year high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. TechnipFMC's payout ratio is 10.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays raised their target price on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and boosted their price objective for the company from $29.00 to $40.00 in a research report on Friday, December 6th. The Goldman Sachs Group began coverage on TechnipFMC in a research report on Friday, December 13th. They set a "buy" rating and a $38.00 target price on the stock. Evercore ISI boosted their price target 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, Royal Bank of Canada initiated coverage on shares of TechnipFMC in a report on Monday, November 18th. They set an "outperform" rating and a $37.00 price objective on the stock. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $36.31.

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.